Private Company Council

FAF Updates Procedures of Private Company Council to Increase Effectiveness, Improve Communication

Norwalk, CT, November 18, 2015—The Board of Trustees of the Financial Accounting Foundation (FAF) today released a report outlining revisions to the operating procedures of the Private Company Council (PCC) that are intended to improve the group’s effectiveness....

News Release | Final Report | Responsibilities and Operating Procedures

Private Company Council Media Meeting Recap

Norwalk, CT, September 25, 2015—The Private Company Council (PCC) met on Friday, September 25, 2015. Below is a brief summary of issues addressed by the PCC at the meeting.

Media Meeting Recap

FAF Appoints New Private Company Council Chair and Three New PCC Members; Six PCC Members Reappointed

Norwalk, CT, August 18, 2015—The Board of Trustees of the Financial Accounting Foundation (FAF) today appointed a new chair and three new members of the Private Company Council (PCC) to three-year terms that begin on January 1, 2016. Six PCC members were reappointed.

News Release

Private Company Council Media Meeting Recap

Norwalk, CT, July 21, 2015—The Private Company Council (PCC) met on Tuesday, July 21, 2015. Below is a brief summary of issues addressed by the PCC at the meeting.

Media Meeting Recap

Private Company Council Media Meeting Recap

Norwalk, CT, May 5, 2015—The Private Company Council (PCC) met on Tuesday, May 5, 2015. Below is a brief summary of issues addressed by the PCC at the meeting.

Media Meeting Recap

PCC Chair Billy M. Atkinson to Step Down at End of Term; FAF Seeks Nominations for Successor, New PCC Members

Norwalk, CT, April 8, 2015—Private Company Council (PCC) Chairman Billy M. Atkinson today announced that he will not seek a second term as head of the group. As a result, the Financial Accounting Foundation (FAF) Board of Trustees issued a request for nominations....

News Release
  • November 18, 2015 FAF Updates Procedures of Private Company Council to Increase Effectiveness, Improve Communication
  • September 25, 2015 Private Company Council Media Meeting Recap
  • August 18, 2015 FAF Appoints New Private Company Council Chair and Three New PCC Members; Six PCC Members Reappointed
  • July 21, 2015 Private Company Council Media Meeting Recap
  • May 5, 2015 Private Company Council Media Meeting Recap
  • April 8, 2015 PCC Chair Billy M. Atkinson to Step Down at End of Term; FAF Seeks Nominations for Successor, New PCC Members

Three-Year Review of the PCC

The FAF Board of Trustees conducted an assessment of the PCC based on the PCC’s first three years of operation. The objective of this assessment was to determine whether the PCC is meeting its primary responsibilities and mission, and provide an assessment of the PCC’s continuing role and effectiveness. In response to stakeholder input, the FAF Trustees made targeted improvements to increase the PCC’s effectiveness without significantly changing the PCC’s roles and responsibilities.
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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
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