FEI pinpoints in advance the issues that may become problems for business

in the areas of financial reporting, financial or cost accounting standards, taxation and employee benefits.

These issues usually arise from proposed legislation or rulings by either government agenciesincluding the Securities and Exchange Commission and the Cost Accounting Standards Board-or by private groups such as the Accounting Principles Board and the new Financial Accounting Standards Board.

FEI technical committees, made up of working financial officers, take a stand on each issue and state the view of corporate management. Two-thirds of the committee must approve the position taken which is then reviewed by the Executive Committee. This decision-making is backed up by in-depth research. The position adopted is presented to selected audiences-such as: the APB and the new Financial Accounting Standards Board, the SEC, the IRS, U.S. Government Departments, and Congressional Committees.

Clearly, a statement by FEI is not the view of one personor even several people.

A statement by FEI is the view of corporate management.

This is our strength-our collective strengthyour strength, as a member of Financial Executives Institute.