Question
Use FASB-ASU No. 2016-01 to address the following questions: Q1: What is the percentage of ASU 2016-01 dissenters to a total number of FASB members?
Use FASB-ASU No. 2016-01 to address the following questions:
Q1: What is the percentage of ASU 2016-01 dissenters to a total number of FASB members? What does this percentage imply to you about the quality of this ASU?
Q2: Discuss the reasons why Messrs. Linsmeier and Siegel dissented. Be sure to discuss why the ASU 2016-01 fails to meet the three objectives of the financial instrument project.
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A Concise Course On Auditing An Authoritative Text For Stakeholders
Authors: Onyuka Felix McDubus
1st Edition
3844395415, 978-3844395419
