On Aug. 5, 2010, the AICPA/FAF/NASBA "Blue-Ribbon" Panel on Standard Setting for Private Companies announced it is seeking written input from constituents in the form of responses to seven questions.
Responses will assist the panel in discussing how accounting standards can best meet the needs of United States users of private company financial statements and making recommendations thereon to the Financial Accounting Foundation Board of Trustees.
Varioius FEI members serve on the Blue Ribbon Panel, including the chair of FEI's Committee on Private Company Standards, Daryl Buck, and they encourage your participation. Click here to respond. Responses are due on Sept. 15, 2010.
Read more about FEI's Committee on Private Company Standards (CPC-S) here.