Norwalk, Conn. (May 5, 2004) – Responding to four recent exposure drafts from the Financial Accounting Standards Board, the Committee on Corporate Reporting of Financial Executives International split its opinions – supporting two proposals, questioning a third, and disagreeing with a fourth.
In a letter to FASB, the committee said that it supported the board’s treatment of short-term convergence with international accounting standards, which the EDs were meant to address, but that it could not support a particular exposure draft on “Accounting Changes and Error Corrections.”
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