The Financial Accounting Standards Board said that it would assemble an investor task force -- a group comprised of top-level asset managers who will help advise the standard-setter on accounting issues relevant to Wall Street. The task force includes mammoth financial concerns such as Fidelity Investments, Marsh & McLennan Cos.' Putnam Investments, T. Rowe Price Group Inc., Wellington Management Co., Mellon Financial Corp. and Capital Group Cos.

The ITF member firms will each provide a designated contact -- i.e. the director of research-- who will identify industry- specific analysts at their companies who align with the "sector" requirements of a particular standard-setting initiative.

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