Are Private Company Standards Important? Weigh In

The Financial Accounting Foundation is conducting an assessment of the Private Company Council (PCC), which has been in operation since 2012, to ensure it is still meeting the needs of private company stakeholders. They have issued a request for comments on the following topics:

• Has the PCC been effective as the primary advisory body to the Financial Accounting Standards Board (FASB) on private company issues and concerns?
• Has the PCC been successful in considering the needs of private company stakeholders when making recommendations to the FASB on alternatives within Generally Accepted Accounting Principles (GAAP)?
• What organizational or procedural improvements to the PCC are needed?

If you believe that private company standards are important to small businesses, submit your comments by May 31: 

• Read the Request for Comment.
• Email written comments to PCCReview@f-a-f.org or mail hard copy comments to “PCC Review,” Financial Accounting Foundation, 801 Merritt 7, P.O. Box 5116, Norwalk, CT 06856-5116.