by Glenn Cheney Don’t tread on the Financial Accounting Standards Board — that’s the message from the Big Four to Congress.
In a letter to U.S. Representative Richard H. Baker, R-La., and Rep. Paul Kanjorski, D-Pa., both of the Subcommittee on Capital Markets, the top officers of the major accounting firms made it clear that they do not want Congress meddling with accounting standards or compromising the independence of FASB.
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