Our feelings have been made known, on several occasions, regarding the FASB's inability to get the stones to tell Congress that they need to butt the fuck out when it comes to accounting rules.So when Bob Herz, the FASB Chair, makes speeches at the National Press Club saying, "The investing public expects and deserves unbiased and transparent financial information that is not skewed to favor particular transactions, companies or industries," we almost blow a gasket, because, um, "WHAT HAVE WE BEEN SAYING TO YOU BOB?!? HAVE YOU BEEN LISTENING?"
The only thing that stops us is that maybe, just maybe, this is some super-duper double secret strategy to get the Sass from Mass and Maxine "Wait Until I Get My Hands On You, Goldman" Waters to step off from trying to boss around the Oracles of Double-Entry Accounting. Pipe dream? It's poss.
True, Herz and company would do well to take some lessons in snark, maybe courtesy of Jr. Deputy Accountant (who, we're sure would oblige), in order to give the give the big middle finger to Congress in person but I suppose baby steps are probably better than continued groveling.
FASB's Herz slams politicization of accounting [Reuters] Sphere: Related Content
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