The research, expected to take two years, will help the accounting board write specific guidelines for companies.

Now the commission has to go through a new search for leadership, and the accounting board probably will, too.

Some say the accounting board's rules do not go far enough.

The accounting board is expected to begin its operations early next month and faces several important decisions.

Indeed, the accounting board's proposal comes as the pension system itself is under pressure.

The commission put pressure on both the banks and the accounting board to reach agreement.

Political pressure led the accounting board to abandon a similar effort 10 years ago.

Under the accounting board's proposal, companies now get 90 days to comment.

The first decisions made by the new accounting board may be among its most important.

The new accounting board will have its first formal meeting on Thursday.