In my opinion, the most efficient and effective accounting standards-setter ... as Chairman of the Financial Accounting Standards Board ... that is not the underlying principle of compliance with GAAP ...
... vol. 1, AU sec. 411) (the GAAP hierarchy) in response to the Financial . Accounting Standards Boards ... auditor's report contains an opinion as ... If an established accounting principle from one or ...
Accordingly, the Board concluded that the GAAP hierarchy should reside in the accounting ... specified by an accounting principle ... Accounting Standards Board (FASB), Opinion of the Accounting ...
Opinion 20 previously required that such a change be reported as a change in accounting principle. In keeping with the goal of simplifying U.S. GAAP, the Board decided to completely replace Opinion ...