IN FOCUS The FAF Plan to Improve Private Company Financial Rep

FASB Webcast and Webinar Series

IN FOCUS: The FAF Plan to Improve Private Company Financial Reporting

Date: Friday, November 18, 2011

Time: 1:30–2:30 p.m. Eastern Standard Time

The Financial Accounting Foundation (FAF) is pleased to announce an upcoming webcast focused on its recently-issued Request for Comment on the Plan to Establish the Private Company Standards Improvement Council (PCSIC). During this webcast, panelists will discuss financial reporting challenges currently facing private companies, provide an overview of the accounting standard-setting improvements proposed in the FAF plan, and discuss how private company stakeholders can provide input about the recommendations. This webcast will be provided free of charge.

Speakers: Teresa S. Polley, President and CEO, Financial Accounting Foundation; John J. Brennan, Chairman, Financial Accounting Foundation.

Learning Objectives: At the end of this session, participants will understand the key proposed changes to the standard-setting process to address private company financial reporting issues, the type of input the FAF seeks from constituents on the proposed changes, and other issues of importance to the preparers, auditors, and users of private company financial reports. Viewers will have the opportunity to email questions to the panelists during the event.

Registration: To register for this event, please use this link.

Delivery Method: Group-internet based

Program Level: Overview

Program Prerequisites: Familiarity with private company financial reporting

Advanced Preparation Needed: Participants are encouraged to read the FAF Board of Trustees Request for Comment: Plan to Establish the Private Company Standards Improvement Council 

Recommended CPE: 1 hour; final CPE earned will be determined based on the length of participation in the program, polling questions as described in CPE Eligibility, and completion of a course survey. Credit is provided only to participants in the live broadcast of this course. Please note that credit is not provided for group viewing. Each participant must be registered separately and meet both polling and duration requirements as per NASBA.

Refund/Cancellation Policy: There is no cost for this course and there is no cancellation penalty. Participants will be notified by e-mail as soon as possible if the course is cancelled for any reason.

Complaint Policy: To register complaints about course content or delivery method and to inquire about the timeliness and accuracy of CPE credit posting for this event, contact

Official National Registry of CPE Sponsors' Statement

The Financial Accounting Foundation/FASB/GASB is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

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