Tag Archives: Blue-Ribbon Pannel

Blue-Ribbon Panel Addressing Standards for Private Companies Weighs GAAP with Exceptions and a Separate Standards Board

Norwalk, CT, October 8, 2010—A majority of the blue-ribbon panel addressing how U.S. accounting standards can best meet the needs of users of private company financial statements believes there is a need for a new standard-setting model that follows Generally Accepted Accounting Practices (GAAP) with exceptions for private companies. In addition, the majority envisions a…