AICPA Panel Explains Private Company Financial Reporting Recommendations


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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