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:
“I’m hurt, hurt and humiliated beyond endurance, seeing the wheat ripening, the fountains never ceasing to give water, the sheep bearing hundreds of lambs, the she-dogs, until it seems the whole country rises to show me its tender sleeping young while I feel two hammer-blows here instead of the mouth of my child.”
—Federico García Lorca (1898–1936)
“In inner-party politics, these methods lead, as we shall yet see, to this: the party organization substitutes itself for the party, the central committee substitutes itself for the organization, and, finally, a “dictator” substitutes himself for the central committee.”
—Leon Trotsky (1879–1940)