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 to determine the likely significance and potential implications of such issues.
5. Explore the publication of selected responses by the committee in Accounting Horizons or other appropriate outlets.
6. Consider and promote ways to increase the quantity and quality of academic input to the standard-setting process.
7. Provide a progress report to the Executive Committee liaison in time to be included in the agenda book for each Executive Committee meeting.

Chair:

Professor Stephen G. Ryan
Dept. of Accounting, Tax & Business Law
Stern School of Business
40 W. 4th St.
New York University
New York, NY 10012-1118
Phone number: (212) 998-0020
Fax number: (212) 995-4004
E-mail address: sryan@stern.nyu.edu

Members:

Robert H. Herz, PricewaterhouseCoopers LLP
Teresa E. Iannaconi, KPMG Peat Marwick LLP
Laureen A. Maines, Indiana University
Krishna G. Palepu, Harvard University
Katherine Schipper, Duke University
Catherine M. Schrand, University of Pennsylvania
Douglas J. Skinner, University of Michigan
Linda Vincent, Northwestern University

Executive Committee Liaison:

Grace Pownall
AAA Vice-President
Emory University

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