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To: Lizzie Tudor who wrote (63730)4/24/2003 4:46:30 PM
From: hueyone  Read Replies (2) | Respond to of 77398
 
That's just great. The fat pigs feeding at the trough are going to use their ill gotten gains to tie up the issue in the courts, probably with some judge who is ill equipped to grasp the issues. They can't stand to let the Financial Accounting Standards Board do its job.

Snip from FASB mission statement:
Since 1973, the Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports. They are officially recognized as authoritative by the Securities and Exchange Commission (Financial Reporting Release No. 1, Section 101) and the American Institute of Certified Public Accountants (Rule 203, Rules of Professional Conduct, as amended May 1973 and May 1979). Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors and others rely on credible, transparent and comparable financial information.

FASB Mission Statement:
fasb.org

Regards, Huey