PCC Holds September 2022 Meeting October 7, 2022 The Private Company Council (PCC) held a meeting with the FASB on September 22–23, 2022. Topics discussed at the meeting included: Targeted improvements to income tax disclosures. Lease accounting for entities under common control. Accounting for and disclosure of software costs. Profits interests. Accounting for and disclosure of crypto-assets. The Board’s Conceptual Framework projects on the reporting entity and recognition and derecognition. Stock compensation disclosures. The next PCC meeting is scheduled for December 15–16, 2022. For more information, see the meeting recap on the FASB’s Web site.