Private Company Council

FAF Seeks Stakeholder Comments on
Private Company Council Three-Year Assessment

Norwalk, CT, February 26, 2015—The Board of Trustees of the Financial Accounting Foundation (FAF) today issued a Request for Comment seeking stakeholder input as part of an assessment of the Private Company....

News Release | Request for Comment | Webpage

Private Company Council Media Meeting Recap

Norwalk, CT, February 13, 2015—The Private Company Council (PCC) met on Friday, February 13, 2015. Below is a brief summary of issues addressed by the PCC at the meeting.

Media Meeting Recap

FASB and PCC to Host Private Company Town Hall at Southern Methodist University

Norwalk, CT, January 22, 2015—The Financial Accounting Standards Board (FASB) and the Private Company Council (PCC) will host their fourth Private Company Town Hall Meeting on April 28, 2015, at Southern Methodist University in Dallas, Texas.....

News Release | Register

FASB Issues Accounting Alternative for Private Companies on Intangible Assets in Business Combinations

Norwalk, CT, December 23, 2014—The Financial Accounting Standards Board (FASB) today issued guidance intended to improve private company financial reporting regarding accounting for identifiable intangible assets in a business combination....

News Release | ASU 2014-18 | FASB In Focus

Private Company Council Media Meeting Recap

Norwalk, CT, September 16, 2014—The Private Company Council (PCC) met on Tuesday, September 16, 2014. Below is a brief summary of issues addressed by the PCC at the meeting, categorized by project.

Media Meeting Recap

Private Company Council Media Meeting Recap

Norwalk, CT, July 15, 2014—The Private Company Council (PCC) met on Tuesday, July 15, 2014. Below is a brief summary of issues addressed by the PCC at the meeting, categorized by project.

Media Meeting Recap
  • February 26, 2015 FAF Seeks Stakeholder Comments on
    Private Company Council Three-Year Assessment
  • February 13, 2015 Private Company Council Media Meeting Recap
  • January 22, 2015 FASB and PCC to Host Private Company Town Hall at Southern Methodist University
  • December 23, 2014 FASB Issues Accounting Alternative for Private Companies on Intangible Assets in Business Combinations
  • September 16, 2014 Private Company Council Media Meeting Recap
  • July 15, 2014 Private Company Council Media Meeting Recap

Three-Year Review of the PCC

The FAF Board of Trustees is conducting an overall assessment of the PCC. The objective of this assessment is to determine whether the PCC is meeting its primary responsibilities and mission, and provide an assessment of the PCC’s continuing role and effectiveness. The assessment will also address changes that might be made to improve the PCC’s effectiveness.

The Trustees are seeking stakeholder comments by May 11, 2015, on the PCC’s effectiveness, accomplishments, and its future role in setting standards for private companies.
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PROJECTS

A detailed listing of all current PCC agenda projects, agenda research projects, and the PCC’s work with the FASB on its current projects that affect private company stakeholders.
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MEETINGS

The PCC meetings will be video-webcast live. Those interested in observing the meeting in person must reserve a seat in advance, as seating is limited. The meeting agenda will be posted in advance.
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FEEDBACK AND INQUIRIES

Email Us with your input on issues that affect you as a private company stakeholder.
Read comment letters submitted on private company related projects.

NEWS & MEDIA

For the latest news and announcements on PCC activities.
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ABOUT THE PCC

  • Responsibilities
  • Operating procedures
  • Council members
  • History
  • How PCC and FASB work together
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