Heads Up: FASB and PCC Update Private-Company Decision-Making Framework
Volume 20, Issue 14
This Heads Up discusses the recently issued invitation to comment (ITC), Private Company Decision-Making Framework — A Guide for Evaluating Financial Accounting and Reporting for Private Companies, which was jointly issued by the FASB and Private Company Council. The ITC contains an updated version of the framework that was initially proposed in a discussion paper issued by the FASB staff in July 2012. Comments on the ITC are due by June 21, 2013.
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