The Private Company Council that will help set accounting standards for privately held businesses has decided to tackle three main projects for its agenda.
The PCC was established by the Financial Accounting Foundation last year and will work with the Financial Accounting Standards Board, which is also overseen by the FAF, on recommending differences to accounting standards for private companies (see Atkinson: PCC Marks ‘Cultural Change’ in Standard-Setting). The PCC held its second meeting on Tuesday and decided to focus on three projects:
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