Here's a thought for all the lawmakers and stakeholders and accountants worried about the effect of moving away from rules-based and towards a more standards-based interpretation of generally accepted accounting principles.

Instead of fighting about which methods will protect accountants, the public, or corporations, adopt the standards and set up a hotline staffed by accounting professors and other experts to handle any thorny questions.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access