The Financial Accounting Standards Board--a "bold new effort" in self regulation by the private sector--became the official rule- making body for financial accounting and reporting on July 1, 1973. The Wheat Report, Establishing Financial Accounting Standards, which led to the formation of the FASB was based, in part, upon an historical study of the rule-making efforts of the Accounting Principles Board. At this early juncture in the FASB's tenure, it seem appropriate for those interested in accounting history to: (1) consider the possibilities for their participation in the on-going work of the FASB; and (2) take note of the sources that will be available for study of the FASB in the future.
Shenkir, William G.
"Accounting history, the accounting historian, and the FASB,"
Accounting Historians Journal: Vol. 2
, Article 6.
Available at: https://egrove.olemiss.edu/aah_journal/vol2/iss1/6