Tag Archives: Private Company Standards Improvement Council

FAF Approves Plan for PCC

State Board Report June 2012 A new body to improve the process of setting accounting standards for private companies, the Private Company Council (PCC), was established by the Financial Accounting Foundation's (FAF) Board of Trustees on May 23, 2012. The FAF Trustees' vote to create the PCC came after months of deliberation that began with…

FAF Roundtables Conclude

State Board Report March 2012 The Financial Accounting Foundation on March 1 completed its series of four roundtable sessions to solicit public comments about its “Plan to Establish the Private Company Standards Improvement Council,” released in October 2011. NASBA was one of the three parties that sponsored the Blue Ribbon Panel on Standard Setting for…