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Welcome to the web site of the Private Company Financial Reporting Committee.

The Financial Accounting Standards Board (FASB) and the American Institute of Certified Public Accountants (AICPA) have embarked on a major initiative to further improve the FASB’s current standard-setting process to consider the needs of private companies and their constituents of financial reporting.

Part of that initiative involves a new committee whose primary objectives are to provide recommendations to the FASB as the FASB sets accounting standards for privately-held enterprises.

The Private Company Financial Reporting Committee’s recommendations to the FASB, issued to date, are listed below. In addition, you will find information about the PCFRC’s meetings and a link to get involved and join our Resource Group below.

To view the original proposal for improving the financial reporting process for private company constituents and the related comment letters, click on the links to the left.

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Blue Ribbon Panel to Address Private Company Accounting
   
PCFRC Looking for Preparer Candidates
   
Join User Group
   
Provide Feedback on New Financial Statement Model
   
PCFRC Recommendations and Other Letters
   
PCFRC Meetings
  Future tentative meeting dates and locations:

April 29-30, 2010 – Norwalk, Connecticut
June 24-25, 2010 – Washington, D.C.
September 9-10, 2010 – TBD
December 2-3, 2010 – Norwalk, Connecticut

  December 2009 -(Meeting Highlights) (Meeting Materials)
  October 2009 - (Meeting Highlights) (Meeting Materials)
  August 2009 - (Meeting Highlights) (Meeting Materials)
  June 2009 - (Meeting Highlights) (Meeting Materials)
  April 2009 - (Meeting Highlights) (Meeting Materials)
  January 2009 - (Meeting Highlights) (Meeting Materials)
  November 2008 - (Meeting Highlights) (Meeting Materials)
  September 2008 - (Meeting Highlights) (Meeting Materials)
  June 2008 - (Meeting Highlights) (Meeting Materials)
  April 2008 - (Meeting Highlights) (Meeting Materials)
  January 2008 - (Meeting Highlights) (Meeting Materials)
  December 2007 - (Meeting Highlights) (Meeting Materials)
  September 2007 - (Meeting Highlights) (Meeting Materials)
  July 2007 - (Meeting Highlights) (Meeting Materials)
  May 2007 - (Meeting Highlights) (Meeting Materials)
   
arrow Roadmap Ahead for Private Company Accounting
   
arrow PCFRC Annual Reports
   
Share Your Thoughts on Topics and Receive Information
Join the Committee's Resource Group
   
Register for a PCFRC Committee Meeting
Registration Form
   
PCFRC Roster
   

 

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