The dispute between the American Bankers Association and the Financial Accounting Standards Board heated up as ABA president Edward Yingling called for a new accounting oversight board that would hold sway over FASB.
In testimony before the House Financial Services Committee on Tuesday, Yingling criticized the Securities and Exchange Commission's existing oversight of FASB and said a new oversight board was needed. FASB spokesman Neal McGarity declined to comment.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access