American Accounting Association's Financial Accounting Standards Committee: Response to the SEC concepts release on International Accounting Standards

A response to the SEC Concepts Release, International Accounting Standards, is presented. The framework for the American Accounting Association's Financial Accounting Standards Committee's responses to the questions posed in the Concepts Release is presented. Several overall recommendations linked to issues in the Concepts Release that the Committee views as fundamental are responses to specific questions posed in the Concepts Release are discussed. Questions that seem aimed at eliciting responses from practicing accountants concerning their experiences with International Accounting Standards are not considered.