New FASB Investor Task Force
30 Sep 2005
The US Financial Accounting Standards Board has formed an (PDF 17k), an advisory group that will provide the FASB with sector-specific insight and expertise from the professional investment community on relevant accounting issues.
The IASB has a similar body – its Analyst Representative Group (ARG). The ARG meets three times a year with five members of the IASB to provide the views of professional investors on financial reporting issues. The 'Chairman's Page' in the July 2005 issue of Insight, the IASB's quarterly newsletter (available to subscribers on the IASB's Website), contains a comprehensive description of the ARG and a list of its 15 members.