Tag Archives: PCC
PCC Seeks Framework Comments
State Board Report March 2013 In its first joint standard-setting activity with the Financial Accounting Standards Board, the Public Company Council, at their second meeting on February, 12, 2013, voted to seek additional public input on a proposed private company decisionmaking framework. This framework will be used for determining under what circumstances it is appropriate…
NASBA BOD Urges AICPA to Give PCC Time
State Board Report February 2013 In response to the AICPA’s exposure draft “Proposed Financial Reporting Framework for Small – and Medium-Sized Entities,” (FRF-SME) the NASBA Board of Directors at their January 25 meeting resolved that, “The Public Company Council needs a reasonable opportunity to develop standards uniquely applicable to private companies that can be authoritative…
NASBA Board Urges AICPA to Withdraw Private Company Accounting Proposal
NASHVILLE, TENN. (January 29, 2013) – The Board of Directors of the National Association of State Boards of Accountancy (NASBA) at its January 25, 2013, meeting unanimously voted to adopt a resolution regarding the American Institute of Certified Public Accountants’ (AICPA) exposure draft: Proposed Financial Reporting Framework for Small- and Medium-Sized Entities (FRF-SME). In that…