financial statements


AICPA Extends Comment Deadlines

The Professional Ethics Executive Committee and the Accounting and Review Services Committee have extended deadlines on exposure drafts of proposed revisions for nonattest services and of requirements for compilation services.

FASB Issues Invitation to Comment

On July 31, 2012, the FASB issued an Invitation to Comment on a staff paper that outlines an approach for deciding whether and when to modify US GAAP for private companies.


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