issue statements which reflect a consensus of the EITF on how to account for new

Question

       issue statements which reflect a consensus of the EITF on how to account for new financial reporting issues where guidance is needed quickly.
       do research on financial reporting issues that are being addressed by the AICPA.
       respond to groups lobbying the FASB on issues that affect a particular industry.
       develop concept statements the AICPA can use as a frame of reference to solve future problems.

Explanation / Answer

issue statements which reflect a consensus of the EITF on how to account for new financial reporting issues where guidance is needed quickly.

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