Tag Archives: Blue-Ribbon Panel

NASBA Praises the FAF’S Outreach

Financial Accounting Foundation Reaches Out to Financial Information Users on Standard Setting for Private Companies NASHVILLE, TN, October 4, 2011– The National Association of State Boards of Accountancy (NASBA)  has praised the regulatory vigor demonstrated by the Financial Accounting Foundation (FAF), as it reached out to hear from users of financial information in its recent…

Written on October 4, 2011 at 11:08 am, by

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Is Another Standard Setter Needed?

State Board Report July 2011 While many have conceded that private company issues have festered in the background of the Financial Accounting Standards Board’s policymaking, how this should be changed was debated at NASBA’s Regional Meetings. Billy Atkinson (TX), NASBA Past Chair and a member of the FAF/AICPA/NASBA Blue Ribbon Panel on Private Company Standard…

Written on August 22, 2011 at 10:52 am, by

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Categories: State Board Reports
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East, West Conferences Highlight Industry Issues

Author: David Costello, CPA, NASBA President and CEO
Posted: August 4, 2011

Written on August 4, 2011 at 9:00 am, by

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Blue-Ribbon Panel Addressing Standards for Private Companies Submits Report of Recommendations to Financial Accounting Foundation

NORWALK, CT (January 2011) – The blue-ribbon panel addressing how U.S. accounting standards can best meet the needs of users of private company financial statements has issued a report of its recommendations to the Financial Accounting Foundation (FAF) Board of Trustees. The report calls for fundamental changes to the system of standard setting including the…

Written on January 26, 2011 at 4:11 pm, by

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Blue-Ribbon Panel Addresses Standards for Private Companies

Proposes Separate Standards Board and GAAP with Exceptions Norwalk, CT, (December 10, 2010) — The blue-ribbon panel addressing how U.S. accounting standards can best meet the needs of users of private company financial statements continued its discussion today of a potential new standard-setting board for private companies, reaffirming a consensus view reached in October that…

Written on December 10, 2010 at 4:16 pm, by

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BRP Big Topic at NASBA Annual

State Board Report November 2010 The AICPA/FAF/NASBA Blue Ribbon Panel (BRP) on Standard Setting for Private Companies has determined that there is a problem in U.S. GAAP being relevant and overly complex for private companies, and the Panelists have whittled down to two their possible recommended solutions to this situation. Both solutions would have standards…

Written on November 2, 2010 at 5:59 pm, by

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Blue Ribbon Panel to Meet April 12

State Board Report April 2010 The two discussion papers developed by the NASBA Ethics and Strategic Professional Issues Committee have been posted on www.nasba.org : “Audit Fees and Engagement Profitability: A Threats and Safeguards Approach to Strengthen Compliance with Standards of Ethical Behavior” and “Proposed Uniform Definition of Independence.” The NASBA Board of Directors approved…

Written on April 18, 2010 at 8:09 pm, by

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Blue Ribbon Panel Named

State Board Report March 2010 The 18 members of the new blue‐ribbon panel on U.S. accounting standards for private companies’ financial statements have been named, including: • Rick Anderson – Panel Chairman, chairman, Moss Adams, LLP • Billy Atkinson, chair, NASBA, partner, PricewaterhouseCoopers • Daryl Buck, senior vice president and CFO, Reasor’s Holding Company, Inc.…

Written on March 15, 2010 at 8:19 pm, by

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AICPA/FAF/NASBA Announce Members of “Blue-Ribbon Panel” to Address Standards for Private Companies

February 26, 2010 The American Institute of Certified Public Accountants (AICPA), The Financial Accounting Foundation (FAF), and the National Association of State Boards of Accountancy (NASBA) today announced the members of the new “blue-ribbon panel” established to address how U.S. accounting standards can best meet the needs of users of private company financial statements. See…

Written on February 26, 2010 at 4:37 pm, by

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Joint Panel on Private Company Standards

State Board Report January 2010 NASBA has joined with the Financial Accounting Foundation and the American Institute of CPAs to form a panel addressing how US accounting standards can best meet the needs of users of private company financial statements. Rick Anderson, member of the FAF Board of Trustees and chairman of Moss Adams, LLP,…

Written on January 30, 2010 at 8:49 pm, by

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