NASBA on the FAF's three-year review of the Private Company Council.

• Position: National Association of State Boards of Accountancy - Brief article

The National Association of State Boards of Accountancy commented on the Financial Accounting Foundation's review of the Private Company Council with the following:

* The PCC advisory role limitation should be avoided.

* PCC oversight needs a strong FAF trustee champion.

* It supports the Private Company Decision-making Framework

* NASBA believes the structure works well and should not be changed...