Preparing Future-Ready Professionals

PAIB Committee Response to the Institute of Management Accountants Proposed Conceptual Framework for Managerial Costing

PAIB Committee
Oct 01, 2012 | Comment Letters
4 Pages
English

The PAIB Committee submitted this comment letter to the Institute of Management Accountants on its proposed Conceptual Framework for Managerial CostingRecommendations include breaking up the document to address concerns regarding length, application of the principles to all organizations, conflicting definitions of accuracy, and a misrepresented diagram from the PAIB Committee's guidance on costing (Evaluating and Improving Costing in Organizations). The letter also includes an addendum of comments from a committee member in India with observations related to India, Pakistan, and Bangladesh.

 

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