- Urgent Issues Task Force
(UITF)A sub-committee of the Accounting Standards Board (ASB) that was set up to deal with urgent accounting issues on an ad hoc basis. UITF consensuses are published in the form of UITF Abstracts which must be followed by companies when preparing their accounts.
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Urgent Issues Task Force — UITF A committee of the British *Accounting Standards Board. Established in 1990, the UITF is charged with reviewing the implications of urgent accounting issues. It is modeled on the United States’ * Emerging Issues Task Force … Auditor's dictionary
Urgent Issues Task Force — A sub committee of the Accounting Standards Board which is set up to deal with urgent accounting issues on an ad hoc basis. It produces Abstracts, which are essentially mini Accounting Standards and must be followed by companies when preparing… … Financial and business terms
Urgent Issues Task Force — UITF A body established in 1991 as part of the Accounting Standards Board. It is responsible for tackling urgent matters not covered by existing standards in which the timescale of the normal standard setting process would not be practicable … Accounting dictionary
Urgent Issues Task Force — Fin in the United Kingdom, an organization whose aim is to assist the ASB in areas where unsatisfactory or conflicting interpretations of an accounting standard have developed, or seem likely to develop. Abbr. UITF … The ultimate business dictionary
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… … Auditor's dictionary
Emerging Issues Task Force — EITF In the USA, the body responsible to the Financial Accounting Standards Board for suggesting appropriate treatment for new accounting problems and practices, without the delays involved in issuing a Statement of Financial Accounting Standards … Accounting dictionary
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