The Wheat Committee, an American study group on the establishment of accounting principles, was brought into being in 1971 in order to examine the operation of the Accounting Principles Board (APB). It was headed by Francis Wheat. The committee created FASB, the Financial Accounting Standards Board.
Famous quotes containing the words wheat and/or committee:
“The sower scatters broad his seed,
The wheat thou strew’st be souls.”
—Ralph Waldo Emerson (1803–1882)
“Football combines the two worst things about America: it is violence punctuated by committee meetings.”
—George F. Will (b. 1941)