Earlier this year, the Private Company Council (PCC) adjusted its criteria for private companies, simplifying the eligibility process for many seeking GAAP exceptions.
The Financial Accounting Standards Board (FASB) recently proposed a revised credit impairment model that would facilitate more efficient recognition of credit losses, specifically those of assets…
Private companies have found the increasing complexity of generally accepted accounting principles (GAAP) to be particularly burdensome. Even more complex are the proposed standards currently…