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Emerging Issues Task Force

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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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104 Revenue Recognition and Emerging Issues Task Force (
After it becomes GAAP, FASB will no longer issue Statements of Financial Accounting Standards, Interpretations, FASB Staff Positions or Emerging Issues Task Force Abstracts.
the tentative conclusions reached by the Emerging Issues Task Force in three
 
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