Purpose: Study, review and comment on exposure drafts by various professional-standard-setting bodies.

Commitment Level: Five-to-six meetings.

Objectives:

  • To study, review, and comment on exposure drafts and research bulletins promulgated by authoritative accounting and auditing bodies in accordance with the FICPA Communications Policy.
  • To discuss issues related to experiences with recently enacted standards.
  • To study and review, from the standpoint of enforcement, interpretation and application, proposed rules relating to accounting principles and auditing standards issues of the Board of Accountancy and to report a recommended position to the FICPA Executive Committee.
  • Seek input from appropriate FICPA committees and sections regarding exposure drafts and research bulletins that might affect a specialized industry or group.
  • To seek input from or provide assistance to other state CPA societies and professional accounting groups regarding matters affecting accounting principles and auditing standards.
  • To prepare and submit A & A related technical articles for inclusion in Florida CPA Today/Florida CPA Netlink.
  • To assist members in keeping current on developments in accounting principles and auditing standards by preparing and disseminating technical information.