What question did this study set out to answer?

The focus is on evaluating the challenges within the FASB's standard setting process and the role of the FAF.

June 15, 2026

Standard Setting Process in Trouble (Again).

Key Points

The focus is on evaluating the challenges within the FASB's standard setting process and the role of the FAF.
Commentary on the editorial published in Accounting Horizons
Analysis of the FASB's actions and FAF's confidence levels
Discussion of the Oversight Committee's purpose and implications.
Highlights the ongoing issues within the FASB's standard setting process.
Expresses concerns over the FAF's lack of confidence in ensuring effective standards.
Calls for clarity regarding the purpose and function of the Oversight Committee.

Abstract

Abstract Opinion. Comments on the editorial `Standard Setting Process in Trouble (Again),' published in the December 1990 issue of the `Accounting Horizons' journal, which focused on the Financial Accounting Standards Board's (FASB) standard setting process. Financial Accounting Foundation's (FAF) perceived lack of confidence in the FASB; Role of the FAF; Purpose of the FAF's creation of an Oversight Committee.

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Standard Setting Process in Trouble (Again).

Key Points

Abstract

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