Tag Archives: Blue-Ribbon

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

Comments Off
Categories: Press Releases
Tags: , , , , , , ,

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

Comments Off
Categories: State Board Reports
Tags: , , , , , , , , , , , , , , , ,

BRP Continues Debate

State Board Report October 2010 While the AICPA/FAF/NASBA Blue Ribbon Panel (BRP) on Private Company Standard Setting members have agreed that more attention needs to be paid to private companies’ problems with financial reporting standards, the 18‐member body has not yet resolved how this should be accomplished. At the conclusion of the October 8, 2010…

Written on October 9, 2010 at 6:36 pm, by

Comments Off
Categories: State Board Reports
Tags: , , , , , , , , , ,

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…

Written on October 8, 2010 at 4:22 pm, by

Comments Off
Categories: Press Releases
Tags: , , , , , , ,

BRP Constructing Models

State Board Report August 2010 We want to avoid differential standards, NASBA Chair Billy Atkinson told the Blue Ribbon Panel (BRP) on Standard Setting for Private Companies at their third meeting on July 19, 2010, held in Chicago. Having discussed with the NASBA Ethics and Strategic Professional Issues Committee, Regulatory Response Committee and other concerned…

Written on August 9, 2010 at 6:45 pm, by

Comments Off
Categories: State Board Reports
Tags: , , , , , , , , , ,

Panelists Ponder Users’ Needs

State Board Report June 2010 Financial report users, preparers, standard setters and others spoke out at the May 14 meeting of the AICPA/FAF/NASBA Blue Ribbon Panel (BRP) on Standard‐ Setting for Private Companies. Financial Accounting Foundation President Terri Polley observed, “I think this group was formed to explore the needs of users – and what…

Written on June 23, 2010 at 7:55 pm, by

Comments Off
Categories: State Board Reports
Tags: , , , , , , , ,

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

Comments Off
Categories: Press Releases
Tags: , , , , , , ,

AICPA and FAF Form “Blue-Ribbon Panel” to Address Standards for Private Companies

Norwalk, CT (Dec. 17, 2009) – The American Institute of Certified Public Accountants (AICPA) and the Financial Accounting Foundation (FAF) today announced the establishment of a “blue-ribbon panel” to address how U.S. accounting standards can best meet the needs of users of private company financial statements. The panel will provide recommendations on the future of…

Written on December 17, 2009 at 4:25 pm, by

Comments Off
Categories: Press Releases
Tags: , , , , , , ,

Media & Resources

News
Recent Media Coverage

Blogs/Features
Social Media
Photo Gallery
Video Gallery
Publications
Upcoming & Past Events
Presentations & Speeches
Archives