Edward Knauf didn't take long to get to work after rising to the chairmanship of the American Institute of CPAs' Technical Issues Committee. Within a month of his appointment, he met with the three organizations of most concern to the small and midsized accounting firms that comprise the TIC's constituents.All three - the Financial Accounting Standards Board, the Auditing Standards Board, and the AICPA's Professional Ethics Executive Committee - are, in the diligent pursuit of their respective missions, putting increased pressure on auditors, who are already stretched in one direction by the demands put upon them and in another by the scarcity of human resources available to satisfy those demands.
"The whole reason I wanted to get on TIC in the first place," Knauf said, "was because I was feeling drowned by the pace of change in standards coming from all standard-setters."
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