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:
“We are independent of the change we detect. The longer the lever, the less perceptible its motion. It is the slowest pulsation which is the most vital. The hero then will know how to wait, as well as to make haste. All good abides with him who waiteth wisely; we shall sooner overtake the dawn by remaining here than by hurrying over the hills of the west.”
—Henry David Thoreau (1817–1862)