Tag Archives: Standard Setting

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…

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…