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Blue Ribbon Panel on Private Co. Accounting To Hold 1st Meeting April 12

Mar 14th 2010
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According to information posted on FASB's website, the Blue Ribbon Panel on Private Company Accounting (abbreviated below as "BRP") will hold its inaugural meeting on April 12.

As we have previously reported, and based on information provided on the Blue Ribbon Panel webpage on FASB's website: "The American Institute of Certified Public Accountants (AICPA), the Financial Accounting Foundation (FAF; the parent organization of the Financial Accounting Standards Board (FASB)), and the National Association of State Boards of Accountancy (NASBA) have established a “blue ribbon panel” (the Panel) to address how accounting standards can best meet the needs of U.S. users of private company financial statements."

Additional information on the April 12 BRP meeting is forthcoming. According to Christine Klimek, Communications Manager at the Financial Accounting Foundation, "We will be announcing the meeting details—including registration information—within the next week. The agenda and other public meeting materials will be posted to the FASB website approximately one week before the meeting." According to Klimek, the meeting will also be webcast.

Read more about the Blue Ribbon Panel here.

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