Blue-ribbon panel wants to create new board.

PositionNews&trends - Brief article

The blue-ribbon panel addressing how U.S. accounting standards can best meet the needs of users of private company financial statements is expected to propose that a separate private company standards board under the oversight of the Financial Accounting Foundation be created.

The panel is in discussions with FASB about how the new board would work, what would be the new board's mission and...

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