Is the Federal Accounting Standards Advisory Board Independent?
8/31/2009
The article notes: . . (S)ome outside observers to question the independence of the board. For example, the CEO of the Institute for Truth in Accounting said at an April 2009 FASAB public hearing: “This seems like a form of jury tampering.”
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  An article by the former chair and a former member of the Federal Accounting Standards Advisory Board (FASAB) question the independence of the Board.  FASAB is charged with setting accounting standards for the federal government's financial statements.  This article outlines the influence government officials have on the Board and the standard setting process.  As pointed out in the article, the Institute has questioned FASAB's independence for years.

Click here to read the full article.

 
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