And I understand that the terms of reference are such that it does not presuppose a particular substantive conclusion; it is, in effect, left open, or even level, however you want to describe it--a level playing field for FASB, the expert body that has been established to make these judgments to make its own independent judgment as to how these matters should be addressed, is that correct?
John Sarbanes: “And I understand that the terms of reference are such that it does not presuppose a particular substantive conclusion…”
On the recordJuly 15, 2002
Source
govinfo.govEditor's note · Context
Discussing the terms of reference for the Financial Accounting Standards Board (FASB) during a congressional session.
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