Mar 09, 2015
From the Financial Reporting View
The Board of Trustees of the Financial Accounting Foundation recently issued a Request for Comment, Three-Year Review of the Private Company Council, to assess the Private Company Council’s effectiveness, accomplishments, and future role in setting standards for private companies. The assessment will assist the Trustees in determining whether the PCC is fulfilling its primary responsibilities and whether the Trustees need to make changes to enhance the PCC’s effectiveness. The Request for Comment identifies possible improvements based on initial informal feedback, and includes specific questions to solicit stakeholder feedback. The comment period ends May 11.