The FASB Emerging Issues Task Force issues which of the following?
A)Statements of Position to influence the development of principles
B)Consensus Positions on the implementation of standards
C)Financial Reporting Releases on guidelines for reporting issues
D)Technical Bulletins on accounting and reporting problems

Question

Quizplus · Accepted Answer

The FASB Emerging Issues Task Force issues Consensus Positions on the implementation of existing accounting standards to provide guidance on emerging accounting and reporting issues. Statements of Position (choice A) are issued by the AICPA, Financial Reporting Releases (choice C) are issued by the SEC, and Technical Bulletins (choice D) are issued by the FASB.

The FASB Emerging Issues Task Force Issues Which of the Following