Accounting Standards: Are We Ready for Principles-Based Guidelines

Author(s): William Sinnett, Financial Executives Research Foundation

Year: 2002

Description:
This informative Q&A style report summarizes the issues and implications surrounding the possibility of an industry-wide change in accounting standards from a focus on detailed rules to a focus on broad principles. Experts from Price WaterhouseCoopers (PwC) and the Financial Accounting Standards Board (FASB) answer thought-provoking questions about the impact of principles-based accounting standards on the industry overall.