Progress continues on Private Company Financial Reporting.

• Position: News update

The Private Company Financial Reporting Committee (www.pcfr.org), a joint effort of the AICPA and the Financial Accounting Standards Board, continues to work on providing recommendations that will help the FASB determine whether there should be differences in prospective and existing accounting standards for private companies. A third meeting of the committee took place in Sept., and among the issues covered were FIN No. 48, FIN No. 46R, GAAP look-back and a...