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Blue Ribbon Panel on Private Company Accounting

On December 17, 2009, The American Institute of Certified Public Accountants and the Financial Accounting Foundation (FAF) announced the establishment of a “blue-ribbon panel” to address how U.S. accounting standards can best meet the needs of users of private company financial statements. The work and recommendations of the PCFRC played a significant part in helping to form the Panel. The PCFRC’s work continues as it fulfills its mission of providing recommendations to the FASB as the FASB sets accounting standards for privately-held enterprises.

The Blue Ribbon Panel has issued its report to FAF. Click here for the report.

For current information about the meetings and work of the Panel, click here.

 

 

 

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