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137512. Next, review the Description and Status of Current
Issues section, located at
http://www.fasb.org/jsp/FASB/Page/SectionPage
&cid=1218220137528, along with the Exposure Drafts and
Public Comment Documents, located at
http://www.fasb.org/cs/ContentServer?site=FASB&c=Page&p
agen
ame=FASB%2FPage%2FSectionPage&cid=1176157086783.
Write a four to five (4-5) page paper in which you:
Analyze the primary way in which Emerging Issues Task
Force (EITF) influences Generally Accepted Accounting
Principles (GAAP). Based on your analysis, recommend one (1)
improvement that the EITF could take in order to more
effectively influence GAAP.
From the Description and Status of Current Issues section of
the FASB Website, choose one (1) of the current issues, and
analyze the EITF’s conclusion(s). Based on your analysis,
make at least two (2) recommendations that would enhance the
EITF’s conclusion(s). Provide a rationale to support your
recommendation.
From the Exposure Drafts and Public Comment Documents
section of the FASB Website, choose one (1) public comment
on the most recent exposure draft issued by EITF. Analyze the
chosen public comment, and give your opinion on whether or
not you agree with the commenter. Support your position with
at least two (2) examples.