AICPA Panel Explains Private Company Financial Reporting Recommendations

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At the AICPA’s Fall Meeting of Council, members of the Blue Ribbon Panel on Private Company Financial Reporting, discussed the recommendations of the panel’s members who supported a financial-reporting model of U.S. GAAP with modifications for private companies and a separate standards board.

You can read further detail about the explanations can be found on the Journal of Accountancy here.

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