Assignment 1: Emerging Issues Task Force
Review the Emerging Issues Task Force (EITF) on the FASB
Website, located at
http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1218220
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.