FASB Exposure Draft: "Consolidated Financial Statements and Business Combinations"
Monday, November 7, 2005
The Committee on Corporate Reporting of Financial Executives International and the Financial Reporting Committee of the Institute of Management Accountants (“the Committees”) are writing to reiterate their views on the Financial Accounting Standards Board’s (the “FASB” or the “Board”) Exposure Drafts (the “Drafts” or “EDs”) on Consolidated Financial Statements and Business Combinations (a revision of FASB Statement 141). CCR and FRC are each the financial reporting technical committee of their respective organizations. The Committees review and respond to research studies, statements, pronouncements, pending legislation, proposals and other documents issued by domestic and international agencies and organizations. This document represents the views of the Committees and not necessarily the views of FEI, IMA, or their individual members.