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Original air date:
July 16, 2013
Last fall, the Private Company Council (PCC) was established by the Financial Accounting Foundation to explore a more relevant and less complex accounting framework for private companies.
The Council has also discussed a number of areas of accounting that may involve unnecessary costs and complexities for private companies, and it has agreed to proceed with several projects that may result in improvements in the near future.
Join the experts from Mayer Hoffman McCann as we cover recent deliberations and actions of the PCC — including the identification of certain areas within US GAAP which will be the areas of initial focus. We will also discuss related issues that could be on the horizon for private companies.