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The Financial Accounting Foundation’s (FAF) Board of Trustees is conducting an overall assessment of the Private Company Council’s (PCC) efforts and effectiveness since its inception three years ago.
Established in collaboration with the Financial Accounting Standards Board (FASB), the PCC was designed to improve the process of setting accounting standards for private companies and also serve as the primary advisory body to the FASB. The assessment will help to determine whether the PCC is delivering on its mission and meeting its objectives, as well as identify areas for improvements.
For specific information regarding the areas FAF is seeking comments on or how to submit your comments, please read the FAF’s news release dated Feb. 26, 2015. If you have any additional questions, please contact Doeren Mayhew’s audit and assurance professionals in Michigan, Houston or Ft. Lauderdale.
Source: Financial Accounting Foundation
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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