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Initiative for private company financial reporting moves forward.(Top Stories)

Publication: Leader's Edge
Publication Date: 01-JUL-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Do private companies require financial reporting standards that are different, in certain instances, from those used by public companies?

The AICPA and FASB aim to find out and together are considering how the standard-setting process at FASB can be enhanced to accommodate the users of by...

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...financial information produced for-profit, nonpublic entities. To that end, the two organizations have published a proposal describing specific process changes, including (1)...

NOTE: All illustrations and photos have been removed from this article.



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