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:
“There are two kinds of timidity—timidity of mind, and timidity of the nerves; physical timidity, and moral timidity. Each is independent of the other. The body may be frightened and quake while the mind remains calm and bold, and vice versë. This is the key to many eccentricities of conduct. When both kinds meet in the same man he will be good for nothing all his life.”
—Honoré De Balzac (1799–1850)