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:
“... God allows the wheat and the tares to grow up together, and ... the tares frequently get the start of the wheat and kill it out. The only difference between the wheat and human beings is that the latter have intellect and ought to combine and pull out the tares, root and branch.”
—Susan B. Anthony (1820–1906)
“It is easy to carp at colleges, and the college, if he will wait for it, will have its own turn. Genius exists there also, but will not answer a call of a committee of the House of Commons. It is rare, precious, eccentric, and darkling.”
—Ralph Waldo Emerson (1803–1882)