FAF Private Company Council Review

Published: May 30, 2024

TXCPA’s Professional Standards Committee commends the PCC’s work in reducing costs and simplifying accounting for private companies, emphasizing its critical role and overall effectiveness.

    The TXCPA Professional Standards Committee recognizes that the Financial Accounting Foundation's (FAF) Private Company Council (PCC) has, in general, done great work in reducing costs for private companies by developing accounting alternatives that are easier to apply, and we continue to believe that the PCC is of critical importance for private companies. Overall, we believe that the PCC has been effective in its role.

    Read the full comment here. View TXCPA PSC comment letter here.

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