The Financial Accounting Standards Board (FASB) and the American Institute of Certified Public Accountants (AICPA) have embarked on a major initiative to further improve the FASB’s current standard-setting process to consider the needs of private companies and their constituents of financial reporting.
Part of that initiative involves a new committee whose primary objectives are to provide recommendations to the FASB as the FASB sets accounting standards for privately-held enterprises.
The Private Company Financial Reporting Committee’s recommendations to the FASB, issued to date, are listed below. In addition, you will find information about the PCFRC’s meetings and a link to get involved and join our Resource Group below.
To view the original proposal for improving the financial reporting process for private company constituents and the related comment letters, click on the links to the left.
©2008 The American Institute of Certified Public Accountants, ISO 9001 Certified.
privacy policy. | Using our secure site.
