"AICPA mulls IFRS for private companies" (Oct. 20-Nov. 2, 2008, page 5) misidentified the Private Company Financial Reporting Committee as an American Institute of CPAs' committee; it is, in fact, sponsored by the Financial Accounting Standards Board, with additional administrative support from the AICPA. Our apologies for the error.
Correction
December 15, 2008, 12:00 a.m. EST 1 Min Read