Emerging Issues Task Force
EITF A committee of the *Financial Accounting Standards Board (FASB). The EITF was established in 1984 and was charged with reviewing the implications of urgent accounting issues: The FASB’s processes for setting and interpreting accounting standards is considered too slow to deal with urgent issues on a timely basis. The EITF’s members include both accountants and nonaccountants, and its model has been imitated elsewhere - for example, in the United Kingdom’s *Urgent Issues Task Force. Web link: www.fasb.org/eitf

Auditor's dictionary. 2014.

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