NAA2303. PCC Forum - Part 1

The Private Company Council (PCC) helps improve the financial accounting and reporting standards for private companies and determines whether private company alternatives to existing GAAP are necessary. The PCC takes a proactive approach to its mission and conducts robust outreach with private company stakeholders through a variety of channels, including events like this one. Participants will learn about the current activities of the PCC and how its input helps the FASB develop standards that provide more relevant information to users of private company financial statements. This interactive, town hall-style forum will provide participants the opportunity to directly engage with PCC members, FASB members, and FASB staff by asking questions and providing feedback about how financial reporting for private companies might be improved.

Learning Objectives:

• Identify the mission of the Private Company Council
• Analyze the current agenda of the Private Company Council
• Determine how the FASB considers and incorporates input provided by the Private Company Council on FASB projects