Independent Standard-Setting
In November 2009, the CAQ joined with the Council of Institutional Investors, the Investment Company Institute and the United States Chamber of Commerce Center for Capital Market Competitiveness in a letter to discourage leaders of the House Financial Services Committee from taking actions that would potentially impact the independence of accounting standard-setting.
In May, 2010, the CAQ joined with the AICPA, the CFA Institute, the Council of Institutional Investors, Financial Executives International, the Investment Company Institute and the U.S. Chamber of Commerce on a letter to U.S. Senate leadership voicing concern over possible amendments that would legislate accounting standards.
Read more about this topic: Center For Audit Quality
Famous quotes containing the word independent:
“For myself I found that the occupation of a day-laborer was the most independent of any, especially as it required only thirty or forty days in a year to support one. The laborer’s day ends with the going down of the sun, and he is then free to devote himself to his chosen pursuit, independent of his labor; but his employer, who speculates from month to month, has no respite from one end of the year to the other.”
—Henry David Thoreau (1817–1862)