The Standard-Setting Process
About this Session
This panel addressed a variety of issues related to standard setting, including the pros and cons of making sweeping changes versus smaller incremental changesto GAAP, the potential conflicts between following the Conceptual Framework versus listening to investors and other stakeholders, the difference between a staff-driven model of standard setting versus a Board-driven model, and issues associated with deploying permanent versus temporary staff.
Speakers
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John Davidson FAF Trustee |
Mark Bielstein EITF Member |
Lawrence W. Smith FASB Member |
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Timothy S. Lucas Former FASB Director of Research |
Moderator
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Katherine A. Schipper Former FASB Member |