Public Debate, Transparency Keystones of Standard-Setting Process: FAF's Polley
"Public debate and transparency are keystones of the standard-setting process," the Financial Accounting Foundation President and CEO Terri Polley recently told a group attending FAF's first annual Capital Markets Dinner. The event, held at NYSE-Euronext in New York, and including FAF, FASB and Governmental Accounting Standards Board leadership ringing the closing bell, also included Internal Revenue Service Commissioner Doug Shulman as a keynote speaker.
Shulman commended the group of standard-setters, noting: “I’m a firm believer that there’s a link between transparency and integrity. An open, public dialogue is essential to this. One key attribute of this country, which leads to trust and better outcomes, is our democratic tradition of making policy decisions in the light of day — with a lot of public debate on important issues that affect market participants.”
Read more about the dinner in Polley's communication: "From the President's Desk - April 2012