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Accounting Standards Executive Committee

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Accounting Standards Executive Committee
A committee of the American Institute of Certified Public Accountants that is permitted to make statements on the technical aspects of financial reporting without first clearing the statements with AICPA's board of directors. Its statements are not authoritative but have influence on the statements put out by other bodies, notably the FASB.


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The AICPA's Accounting Standards Executive Committee (AcSEC) is the senior technical committee of the AICPA authorized to speak on accounting matters.
The AICPA's Accounting Standards Executive Committee has issued Statement of Position 07-1, Clarification of the Scope of the Audit and Accounting Guide Investment Companies and Accounting by Parent Companies and Equity Method Investors for Investments in Investment Companies, effective for fiscal years beginning on or after Dec.
014938CPA01), has been issued by the Accounting Standards Executive Committee.
 
 
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