FEI

At its board meeting yesterday, FASB decided to revisit its prior decisions on whether to define in the accounting literature (GAAP) how to assess and report on a 'going concern' decision, and will move forward on this project. Read more here.

During its past two board meetings, the FASB has reached tentative decisions on a definition of 'nonpublic entity.' This definition will be key to determining the scope of companies, commonly referred to as 'private companies,' that will be able to avail themselves of specific changes/exceptions to GAAP offered to private co's going forward and relates as well to the upcoming decision of the FAF (which oversees FASB) on how best to set standards for private companies, e.g.

Social Technology: The Next Frontier

On June 7, the SEC Historical Society (SECHS) is sponsoring what looks to be a really great webcast, featuring two former FASB Chairmen, Denny Beresford and Ed Jenkins, and a former SEC Chief Accountant, A.