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  3. the chair of the fasb at one time noted that "the

the chair of the FASB at one time noted that "the flow of standards can only...

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Accounting

the chair of the FASB at one time noted that "the flow ofstandards can only be slowed if (1) producers focus less onquarterly earning per share and tax benefitd and more on qualityproducts and (2) accountants and lawyers rely less on rules and lawand more on proffessional judgment and conduct." explain hiscomment.

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The chairman of the FASB was making an attempt to bring to light that a lot of emphasis is being put on quarterly earnings per share and tax benefits rather than focusing on the development of quality products Managers in their pursuit of wanting to make short term gains lose sight of the    See Answer
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