Tuesday, April 6, 2010

Agenda, Background Materials Posted For Inaugural Meeting of Blue Ribbon Panel on Private Co. Accounting

In advance of the April 12 inaugural meeting of the Blue Ribbon Panel on Private Co. Accounting, the Financial Accounting Foundation (parent of the FASB) has posted the meeting agenda and background materials. The Blue Ribbon Panel is jointly sponsored by the FAF, the AICPA, and the National Association of State Boards of Accountancy.

Among the items listed in the background/reference materials is a report published by FEI's research affiliate - the Financial Executives Research Foundation - in 1996, entitled, "What Do Users of Private Company Financial Statements Want?" A number of FEI members are among those appointed to the Blue Ribbon Panel (members serve in their personal capacity), including Daryl Buck, vice chair of FEI's Committee on Private Companies-Standards. Buck previously served on the FASB-AICPA Private Company Financial Reporting Committee (PCFRC).

See the list of Blue Ribbon Panel members, upcoming meeting dates, and the Blue Ribbon Panel homepage.

For further background, see also our earlier blog posts relating to the Blue Ribbon Panel and private company accounting generally, including:

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