The Standard-Setting Process

About this Session

Transcript
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This panel addressed a variety of issues related to standard setting, including the pros and cons of making sweeping changes versus smaller incremental changes
to GAAP, the potential conflicts between following the Conceptual Framework versus listening to investors and other stakeholders, the difference between a staff-driven model of standard setting versus a Board-driven model, and issues associated with deploying permanent versus temporary staff.
 

Speakers


John Davidson
FAF Trustee

Mark Bielstein
EITF Member

Lawrence W. Smith
FASB Member

Timothy S. Lucas
Former FASB
Director of Research
   

Moderator


Katherine A. Schipper
Former FASB Member