The Wheat Committee, an American study group on the establishment of accounting principles, was brought into being in 1971 in order to examine the operation of the Accounting Principles Board (APB). It was headed by Francis Wheat. The committee created FASB, the Financial Accounting Standards Board.
Intermediate Accounting 11th Edition Volume 1, Donale E. Kieso, Jerry J. Weygandt & Terry D. Warfield 2005 John Wiley & Sons Inc.