Response to FASB special report, "issues associated with the FASB project on Business Combinations"

The American Accounting Association's Financial Accounting Standards Committee responds to the Financial Accounting Standards Board's Special Report, Issues Associated with the FASB Project on Business Combinations. The Report requests comments on the project's scope, direction, and how it should be conducted. The Committee is aware of no research bearing directly on such matters. Nonetheless, the Committee supports the Board's interest in business combinations and intangibles.