Private Company Financial Standards

Action Needed: Support Private Company Financial Reporting Standards Now!

The Financial Accounting Foundation (FAF) is considering the need to create Private Company Reporting Standards and the moment has come for you to let your voice be heard.

Earlier this year, the Blue Ribbon Panel on Private Company Financial Reporting presented a report with its recommendations for differential standards and a separate, autonomous private company standard-setting body reporting directly to FAF. Such a change would create a more relevant set of standards for private companies better in line with their needs.

The more your letter is in your own words, expressing your perspectives and experiences, the more insights it provides to FAF. The information here contains resources to help you take action and become more informed on this matter.