There was general agreement that (1) a combination of principle-based and rule-based standards would be needed and (2) principle-based accounting rules were not a panacea to solve financial reporting problems.
The first part of the agreement was that standards of both principle and rule basis were needed.
my brother was asthmatic and so we never had pets in the house we had a dog for a little bit of the time and then but that time i never really liked cats you know i always thought cats were loose and sort of the typical