Scholar Works (Boise State University) · 2007 · 13 citations · 0 references
ManagementOrganization StudiesOrganizationsConceptual FrameworksGovernance Frameworks
The Financial Accounting Standards Board (FASB) produced most of its Conceptual Framework (CFW) more than 20 years ago in a project that began in the 1970s. It achieved notable positive results, yet it isn't without flaws. These blemishes originate from several sources, including political pressures. But time has yielded a new environment that enables the FASB to fix the shortcomings.