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:
“Editor: a person employed by a newspaper, whose business it is to separate the wheat from the chaff, and to see that the chaff is printed.”
—Elbert Hubbard (1856–1915)
“The absence on the panel of anyone who could become pregnant accidentally or discover her salary was five thousand dollars a year less than that of her male counterpart meant there was a hole in the consciousness of the committee that empathy, however welcome, could not entirely fill.”
—Anna Quindlen (b. 1953)