Charge:
Coordinate all Association activities with respect to financial-accounting standard setting. Specifically:

1. Evaluate selected discussion memoranda and exposure drafts related to financial accounting and reporting in the private sector as they are released by the FASB, IASC, G4 + 1, and other accounting standard-setting groups, and respond to those groups in writing and by appearing at selected public hearings.
2. Stay cognizant of emerging issues related to financial accounting and reporting in the private sector through materials issued by the Emerging Issues Task Force and other relevant sources, and evaluate, where appropriate, the significance and potential implications of such issues.
3. Meet with the FASB, normally on an annual basis.
4. Recognize emerging international issues related to financial accounting, reporting and auditing; alert others inside the Association about their importance.
5. Explore the publication of selected responses by the committee in Accounting Horizons or other appropriate outlets.
6. Provide a progress report to the Executive Committee liaison in time to be included in the agenda book for each Executive Committee meeting.

Chair:

Laureen A. Maines
Department of Accounting and Information Systems
School of Business
Indiana University
Bloomington, IN 47405
Phone: (812) 855-2611
Fax: (812) 855-8679
Email: lmaines@indiana.edu

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