The American Institute of CPAs and the Financial Accounting Standards Board have set a date for FASB's Private Company Financial Reporting Committee to meet.
The event will take place on Sept. 20 and 21 at the Westin Park Central Hotel in Dallas. It will be open to the public. The committee is part of an initiative by the AICPA and the FASB to improve the standards-setting process so it can meet the needs of privately-held companies and users of their financial statements. It is charged with identifying areas where improvements can be made in the standards and pass along its recommendations to the FASB.
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