Tag Archives: PCC

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

Written on December 17, 2013 at 9:16 pm, by

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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…

Written on December 2, 2013 at 8:50 pm, by

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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…

Written on August 21, 2013 at 2:56 pm, by

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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…

Written on July 24, 2013 at 6:22 pm, by

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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…

Written on July 9, 2013 at 7:02 pm, by

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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…

Written on June 24, 2013 at 2:20 pm, by

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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…

Written on March 18, 2013 at 2:16 pm, by

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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…

Written on February 24, 2013 at 3:33 pm, by

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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…

Written on January 29, 2013 at 2:35 pm, by

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