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.
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PCFRC Meetings |
| September 2008 - (Meeting Materials) | |
| June 2008 - (Meeting Highlights) (Meeting Materials) | |
| April 2008 - (Meeting Highlights) (Meeting Materials) | |
| January 2008 - (Meeting Highlights) (Meeting Materials) | |
| December 2007 - (Meeting Highlights) (Meeting Materials) | |
| September 2007 - (Meeting Highlights) (Meeting Materials) | |
| July 2007 - (Meeting Highlights) (Meeting Materials) | |
| May 2007 - (Meeting Highlights) (Meeting Materials) | |
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2007 PCFRC Annual Report |
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Share Your Thoughts on Topics and Receive Information Join the Committee's Resource Group |
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Register for a PCFRC Committee Meeting Registration Form |
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Private Company Financial Reporting Committee Announces Membership View the Press Release |
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Judy O’Dell Named Chair of New Committee View the Press Release |
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