The Professional Standards Committee responds to exposure drafts issued by accounting and auditing standard setting bodies. The Professional Standards Committee invites members to submit comments to the committee in its deliberations on exposure drafts of accounting or reporting standards.
The objective of the committee is to respond to exposure drafts of the GASB, the FASB, the SEC, the AICPA, and any other accounting and auditing standard setting body that has an impact on the practice of accountancy in Texas. It is responsible for all phases of the response process including identifying exposure drafts assigning responsibility to draft comment letters, monitoring the progress of projects, establishing standard of quality and clearance and assuring that those standards are met.
Staff liaison: Jerry Cross, CPA