Back in the 1960s, Arlo Guthrie arrived on the scene with a song that lasted about 40 minutes if every part was performed. The enduring refrain is, "You can get anything you want at Alice's restaurant."

The chorus about an endless menu reminds us of the issue we've been wrestling with in the last few columns, namely the Financial Accounting Standards Board's proposal to eliminate the Rule 203 exception that essentially calls on CPAs to depart from generally accepted accounting principles if compliance will create misleading financial statements.

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