Request for public comment the on effectiveness of the Private Company Council

On February 29, the Financial Accounting Foundation (FAF) released a request for public comment as part of its effectiveness review of the Private Company Council (PCC).

The PCC is the primary advisory body to the FASB on private company matters. Among other questions, the FAF is soliciting stakeholder thoughts on the effectiveness of the PCC in (1) proposing alternatives within GAAP to aid the users of private company financial statements, and (2) providing private company perspectives to the FASB. Comments are due by May 31.

PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

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