Go beyond the standards and see how private company GAAP is really shaped. This course offers an inside look at the Private Company Council and its work with the FASB to address the unique needs of private companies. Hear directly from PCC Chair Jere Shawver on agenda priorities, stakeholder outreach, and why practitioner input matters. Gain practical insight to help you interpret guidance, anticipate change, and better support clients and stakeholders.
Learning Objectives
• Identify the role of the Private Company Council in advising the FASB on private company accounting standards.
• Recognize the criteria used by the PCC to prioritize agenda items affecting private company GAAP.
• Distinguish between the perspectives of users, preparers, and practitioners in the PCC
• s outreach and standard-setting process.
• Identify how PCC communication and transparency initiatives support interpretation of private company accounting guidance.
