Close to 2,500 letters have been written to the Financial Accounting Foundation supporting the creation of a separate standards board for private company accounting, according to the American Institute of CPAs.
At the Spring Meeting of Council, AICPA president and CEO Barry Melancon encouraged CPAs to write to the FAF to encourage it to set up a separate board for standards for privately held companies distinct from the Financial Accounting Standards Board (see Melancon Urges Fight for Private Standards Board).
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