Tag Archives: PCC

NASBA Praises PCC’s Performance

State Board Report June 2015 The accomplishments of the Private Company Council were given high marks in NASBA’s response to the Financial Accounting Foundation’s three-year review of the PCC. Besides recommending that the PCC continue being more than an advisory body to the Financial Accounting Standards Board (FASB), the letter from Chair Walter C. Davenport…

Atkinson to Leave PCC

State Board Report May 2015 Past NASBA Chair Billy M. Atkinson, CPA (TX), will be concluding his term as Chairman of the Public Company Council (PCC) on December 31, 2015 and has announced that he will not seek a second term at the PCC’s helm. As the first Chairman of the organization, established by the…

PCC Comes Up for Review

State Board Report March 2015 The Private Company Council (PCC), established in May 2012, is approaching the three-year mark when the overall assessment of its operations is to be performed. To assist the Board of Trustees of the Financial Accounting Foundation (FAF) in determining if the PCC is fulfilling its mission, a request for comment…

VIDEO: Former NASBA Chair Diane Rubin Discusses PCC, Accounting Profession

Author: Thomas Kenny, NASBA Communications Director
Posted: September 9, 2014

VIDEO: Billy Atkinson, Former NASBA Chair, Discusses Progress of the PCC

Author: Thomas Kenny, NASBA Communications Director
Posted: December 17, 2013

PCC, IFAC and AICPA Panelists Address Standards

State Board Report November 2013 The importance of vetting, objective experts and responsiveness to the needs of financial information users was stressed by the participants in a panel on standard setting that brought together Public Company Council Chairman Billy Atkinson, American Institute of Certified Public Accountants Vice President Charles E. Landes and International Federation of…

Chair Hansen Applauds PCC

State Board Report August 2013 As promised by NASBA leadership, they are monitoring the progress of the Private Company Council to bring about financial reporting standards that are responsive to the needs of private companies, and they have judged it to be good, according to Chair Gaylen R. Hansen (CO). He reported to the NASBA…

PCC Roundtables Ahead

State Board Report July 2013 Participants at NASBA’s June 2013 Regional Meetings heard Private Company Council Chairman Billy Atkinson in New Orleans, on June 5, and PCC Member Diane M. Rubin in Chicago, on June 25, announce roundtable discussions will be held across the nation to gather input on financial reporting standards the PCC should…

NASBA Applauds Progress of Private Company Council

NASHVILLE, TN (JULY 9, 2013) —The National Association of State Boards of Accountancy (NASBA) today congratulated the Financial Accounting Standards Board (FASB) on their timely release of three proposals offering acceptable alternatives under U.S. Generally Accepted Accounting Principles (GAAP) for private companies in response to stakeholder concerns. “We applaud and congratulate the Financial Accounting Foundation…

NASBA Comments on PCC Framework

State Board Report June 2013 The Private Company Council’s proposed “Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies” drew support from NASBA Chair Gaylen Hansen and President Ken Bishop in a letter sent to the Financial Accounting Standards Board on May 31, 2013. The letter praised “the open process of…