In conclusion, I would like to thank you for the chance to testify today, and your willingness to
listen to and potentially address our concerns. As a fellow CPA, I agree with what I believe is
Chairman Enzi’s viewpoint – Congress shouldn’t be legislating accounting standards. I
appreciate and agree with the many reasons FASB is an independent organization. Nevertheless,
this committee’s oversight is critical to ensuring all standard-setting agencies are responsive to
I would also like to thank the members of the FASB and their staff. Having now had the
opportunity to work with them directly, I have found them to be smart, dedicated and responsive.
I would also like to suggest that a better communication mechanism between the FASB and
American small business would benefit the entire economy and its 285 million participants.
Thank you and I will gladly answer any questions you might have.