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U.S. comment letter on private company decision-making framework

Published on: Jun 21, 2013

An excerpt from the comment letter is shown below:

We appreciate the FASB’s efforts to address the accounting and financial reporting needs of private companies, and we note that many of the comments in our October 31, 2012, letter on the discussion paper about this topic were addressed in this ITC. We support the proposed framework that the FASB and the Private Company Council (PCC) would use to determine whether alternatives to existing and proposed accounting standards are warranted for private companies.

Full text of the comment letter is available below.

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