NEWS RELEASE 09/12/11
Deadline to Register for FASB Public Roundtable Meetings on Private Company
Accounting and Reporting Issues is Tuesday, September 13
Norwalk,
CT, September 12, 2011—The Financial Accounting Standards Board (FASB)
is reminding stakeholders that the deadline to register for its October public
roundtable meetings focused on existing private company accounting and reporting
standards is Tuesday, September 13, 2011.
The Board is seeking private
company stakeholders to participate in this roundtable. Any individual or
organization representing those stakeholders desiring to participate should
complete and submit an application
form on or before September 13. Those interested in observing the
roundtables must preregister
for specific sessions. Due to seating limitations, no more than three observers
from the same organization may attend. The sessions will be recorded for
playback from FASB’s
webcast archive.
“The Board’s purpose in holding these
public roundtables is to engage in a constructive dialogue about private company
accounting and reporting issues on existing GAAP with a wide variety of
stakeholders, including private companies, their CPA practitioners, and users of
private company financial statements,” states FASB Chairman Leslie F. Seidman.
“The Board and staff found that the two roundtables we held last fall were
valuable forums for hearing first hand from private company constituents about
their concerns with existing GAAP. Those roundtables provided the impetus for
our efforts to develop a differential reporting framework for private companies
and our project to simplify goodwill impairment assessments.”
Topics to
be discussed at this year’s roundtables are expected to include, but will not be
limited to, accounting and disclosure requirements relating to variable interest
entities, interest rate swaps, and level 3 fair value measurements.
The
roundtables are scheduled as follows:
Tuesday, October 11,
2011
FASB Public Roundtable Meeting on Private Company Accounting and
Reporting Issues
Time: 10:00 a.m. – 1:00 p.m. (Central
Daylight Time)
Location: Renaissance Chicago O’Hare Suites Hotel,
8500 West Bryn Mawr Avenue, Chicago, Illinois 60631
Monday,
October 17, 2011
FASB Public Roundtable Meeting on Private Company Accounting
and Reporting Issues
Time: 9:00 a.m. – 12:00 p.m. (Pacific
Daylight Time)
Location: San Francisco Airport Marriott Waterfront,
1800 Old Bayshore Highway
Burlingame, CA 94010