NAA2605. PCC Forum

The Private Company Council (PCC) helps improve the financial accounting and reporting standards for private companies and evaluates whether private company alternatives to existing GAAP are necessary. The PCC takes a proactive approach to its mission, engaging with private company stakeholders through various channels and providing important feedback to the Financial Accounting Standards Board (FASB) to help it develop standards that provide more relevant information to users of private company financial statements.

This interactive, town hall-style forum will provide participants with the opportunity to engage directly with PCC members, FASB members, and FASB staff by providing feedback on the PCC’s current projects and future agenda priorities and discussing potential improvements to financial reporting for private companies.

The panelists will facilitate the discussion by providing an overview of the PCC’s agenda priority process, which ensures its efforts are aligned with the evolving needs of private company stakeholders and are focused on identifying solutions to their most pervasive and impactful financial reporting challenges. They will engage participants in a dialogue on the PCC’s current research projects resulting from previous private company Town Halls, stakeholder liaison meetings, and other stakeholder discussions and solicit input from participants on future PCC agenda priorities. Panelists will explain how the PCC evaluated and prioritized private company stakeholder feedback provided to the FASB during the Board’s 2025 agenda consultation process. Finally, they will highlight how you can share your views with the PCC on an ongoing basis and why your input is critical to its current and future projects.