Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the chair of the FASB at one time noted that the flow of standards can only be slowed if (1) producers focus less on quarterly

the chair of the FASB at one time noted that "the flow of standards can only be slowed if (1) producers focus less on quarterly earning per share and tax benefitd and more on quality products and (2) accountants and lawyers rely less on rules and law and more on proffessional judgment and conduct." explain his comment.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Control Systems Performance Measurement Evaluation And Incentives

Authors: Kenneth Merchant, Wim Van Der Stede

4th Edition

1292110554, 978-1292110554

More Books

Students also viewed these Accounting questions

Question

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago