SEC and FASB Reach Accord on SEC Role in Appointments

The Foundation that oversees the Financial Standards Accounting Board signed an agreement that gives the SEC advance notice and consultation rights about appointments to FASB, concluding several months of negotiations about the SEC's role.  Opinions are divided whether this mark a shift toward a more political FASB or just confirmation of the SEC's existing role.  See WSJ, SEC Is to Get More Sway Over FASB