FAF Requests Comments on Effectiveness of PCC

The Financial Accounting Foundation’s (FAF’s) board of trustees has released a document requesting feedback from stakeholders on the effectiveness of the FASB’s Private Company Council (PCC), which was established in 2012. The FAF’s overall purpose in issuing the request for comment is to ensure that the PCC “is still meeting the needs of private company stakeholders.”

Comments are due by May 31, 2024. For more information, see the FAF’s Web site.