This article talks about the upcoming review of FASAB by the AICPA to determine if it remains independent as a GAAP standard setter. The last review came in 2004, and in late 2009 the review will begin.
http://accounting.smartpros.com/x67773.xml
The Smartpros article is a digest of the full article which while current is freely available at https://members.agacgfm.org/scriptcontent/membersonly/AGAjournal/fall2009/PattonMosso.pdf
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