Financial Accounting Foundation Board of Trustees
Request for Comment

On Tuesday, October 4, the Financial Accounting Foundation’s Board of Trustees issued for public comment a Plan to Establish the Private Company Standards Improvement Council. The plan calls for the establishment of a new council with the authority to identify, propose, and vote on specific improvements to US accounting standards for private companies. Changes would be subject to ratification by the Financial Accounting Standards Board (FASB). Users, preparers, auditors, and others with an interest in private company financial reporting are encouraged to read the plan and provide the FAF with their comments by January 14, 2012.



Plan to Establish the Private Company Standards Improvement Council 

Executive Summary 

Press Release—Financial Accounting Foundation Seeks Comments on Plan to Improve Standard Setting for Private Companies

Summary of Comment Letters 

Summaries of Roundtables

• Atlanta, GA 
• Fort Worth, TX 
• Palo Alto, CA (Stanford) 
• Boston, MA 

Roundtables

January 18, 2012—Atlanta, GA

• Download Meeting Audio 
   

January 26, 2012—Fort Worth, TX

• Download Meeting Audio

February 7, 2012—Palo Alto, CA (Stanford)

• Download Meeting Audio

March 1, 2012—Boston, MA

• Download Meeting Audio

Roundtable Participant Application Form 

Roundtable Observer Registration Form 


Webcast—IN FOCUS: The FAF Plan to Improve Private Company Financial Reporting
 

• Registration
• CPE Course description 
• CPE Eligibility 
• Archived Event
   

“From the President’s Desk”—October 2011 

Download Podcast—Interview with FAF President and CEO Terri Polley, featuring opening remarks from Jack Brennan, Chairman of the Board of the FAF Trustees

Comment Letters*received on Plan to Establish the Private Company Standards Improvement Council

*The FAF has received a large volume of identical or near identical letters from individual stakeholders. We have posted a sample of these letters as the first document (Letter No. 0) in our list of Comment Letters. We have also placed a link on that sample letter that will enable stakeholders to view each and every one of the identical or near identical letters. We hope this format provides efficient navigation for our stakeholders who desire to view the various comments we receive on the Plan to Establish the Private Company Standards Improvement Council.