FAF Private Co. Council to Meet Next Week

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FAF Private Co. Council to Meet Next Week

11/27/2012
The Financial Accounting Foundation's Private Company Council - formed to advise the Financial Accounting Standards Board on ways to improve accounting standards to make them more useful and more cost effective for users and preparers of private company financial reporting - will hold its inaugural meeting next week.

Both FASB and FAF are taking this new initiatve very seriously, as indicated by the remarks of: FEI member George Beckwith, former chairman of FEI's Committee on Private Company Standards (CPC-S), is a member of FAF's PCC. The PCC meeting will take place on Dec. 5-6, 2012.