AICPA says proposal would "undermine" FASB's mission

11/6/2009 |

AICPA President and CEO Barry Melancon, CPA, has sent a letter to the House Financial Services Committee stating the AICPA's opposition to a possible amendment to the Financial Stability Improvement Act of 2009. Melancon says it would "undermine the independent accounting standard process" and that FASB should remain under the oversight of the SEC.

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