The AICPA provides thought leadership to the IASB on financial reporting topics. The Institute has made clear its support for the goal of a single set of high-quality, global accounting standards to be used by public companies in the preparation of transparent and comparable financial reports throughout the world and believes the standards issued by the IASB are best positioned to become those standards. In response to the SEC’s endorsement of a work plan, as previously mentioned, Barry Melancon AICPA President and Chief Executive Officer, reiterated the AICPA’s continued support of the “thoughtful and concrete steps the SEC is taking” to prepare for the.
