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Emerging Issues Task Force
(redirected from EITF)

   Also found in: Acronyms 0.01 sec.
Emerging Issues Task Force
A standing committee formed by the Financial Accounting Standards Board with a directive to investigate and make recommendations on issues in accounting as they arise. It seeks to establish uniform practices on new issues before divergent practices become widely accepted for different regions and/or firms. To this end, the EITF holds public meetings from time to time to discuss new issues and to receive input on the recommendations it ought to make. It consists of accountants from the larger accounting firms and the chief accountant at the SEC.


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NYSE:SW), North America's largest foodservice marketer and distributor, has announced that it posted record sales of approximately $806 million, including an estimated adjustment for EITF 04-13, for the week leading up to the Mother's Day holiday.
[FIGURE 1 OMITTED] One exception to this expansion is the retention of EITF consensuses, which have been subjected to the FASB's due process only since 2003, within category (c).
In another action, the FASB last month ratified the tentative conclusions reached by the Emerging Issues Task Force in three EITF draft abstracts.
 
 
 
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