continuum, right? So you're not -- it's not necessarily that it's your absolute ideal agreement, but it's somewhere along there where you could live with, again, that lowest level of support is that -- that you could live with and support. And that's the important piece -- that support. So as long as you could say I get it, I understand it, along that continuum I am everywhere but -- the don't agree and will block. Okay. So hopefully we can find some spot along that continuum that makes people happy. Ms. Sarge: Sandy again. I think that the reason why I ask that is because -- and again, I am just trying to make sure I understand the rules -- that should consensus not be had -- accountants tend to be worst-case scenario people. So just -- you know, what's the worst-case scenario? The worst-case scenario is we don't reach consensus. So then percent of things we may have agreed on in -- in issue would go back to the Department to decide in its entirety. Right? So -- so if we agree on one thing -- one of those issue papers -- let's say we agree on seven of eight, and -- but that eighth one is a doozy. So there's no consensus had, then everything goes back to the Department for finalization? Mr. Ramirez: I will let Greg answer that one. (Simultaneous speaking.) Mr. Martin: That is correct. Yes -- entire -- consensus does have to be reached. If consensus is not reached on everything, then it is the Department's prerogative to -- to regulate. I would point out, though, that we would not -- if that were the case, we would not be dismissive of the -- of -- of what was said and what was agreed upon and where people did meet -- reach consensus.
continuum, right? So you're not -- it's not necessarily that it's your absolute ideal agreement, but it's somewhere along there where you could live with, again, that lowest level of support is that -- that you could live with and support. And that's the important piece -- that support. So as long as you could say I get it, I understand it, along that continuum I am everywhere but -- the don't agree and will block. Okay. So hopefully we can find some spot along that continuum that makes people happy. Ms. Sarge: Sandy again. I think that the reason why I ask that is because -- and again, I am just trying to make sure I understand the rules -- that should consensus not be had -- accountants tend to be worst-case scenario people. So just -- you know, what's the worst-case scenario? The worst-case scenario is we don't reach consensus. So then of things we may have agreed on in -- in issue would go back to the Department to decide in its entirety. Right? So -- so if we agree on one thing -- one of those issue papers -- let's say we agree on seven of eight, and -- but that eighth one is a doozy. So there's no consensus had, then everything goes back to the Department for finalization? Mr. Ramirez: I will let Greg answer that one. (Simultaneous speaking.) Mr. Martin: That is correct. Yes -- entire -- consensus does have to be reached. If consensus is not reached on everything, then it is the Department's prerogative to -- to regulate. I would point out, though, that we would not -- if that were the case, we would not be dismissive of the -- of -- of what was said and what was agreed upon and where people did meet -- reach consensus. percent
mondaydecember4transcript.docx