Private Company Council

Private Company Council (PCC)

PCC News

  • Press ReleaseFASB Exposes Private Company Decision-Making Framework for Public Comment (April 15, 2013)
  • Press ReleasePrivate Company Council Adds Three Projects to Its Agenda, Votes to Seek More Input on Private Company Decision-Making Framework (February 12, 2013)

  • Media AdvisoryPrivate Company Council Holds Second Meeting on February 12 (February 6, 2013)
  • Media AdvisoryReport on First PCC Meeting to Be Featured in December 13 Webcast, IN FOCUS: FASB Update for Nonpublic Entities (December 11, 2012)
  • Press ReleasePrivate Company Council Holds Inaugural Meeting, Identifies Four Areas for Study (December 6, 2012)

  • Press ReleaseNewly Created Private Company Council to Hold Inaugural Public Meeting on December 6 (October 18, 2012)
  • Press ReleaseFinancial Accounting Foundation Appoints Members To Newly Created Private Company Council (September 19, 2012)
  • Press ReleaseFinancial Accounting Foundation Issues Request for Nominations for New Private Company Council (June 1, 2012) 

PCC Meeting Information

Next PCC Meeting - Tuesday, May 7, 2013 (Norwalk)

Tuesday, February 12, 2013 Meeting Materials

Thursday, December 6, 2012 Meeting Materials

About the PCC

Financial Accounting Foundation Board of Trustees Establishes Private Company Council (PCC)
On Wednesday, May 23, 2012, the Financial Accounting Foundation’s Board of Trustees approved the establishment of the Private Company Council (PCC), a new body to improve the process of setting accounting standards for private companies. The final plan was issued on Tuesday, May 30, 2012.

  • Read the Final ReportFinancial Accounting Foundation Board of Trustees Establishment of the Private Company Council (May 30, 2012)

Members of the FAF Board of Trustees Private Company Review Committee (December 11, 2012):

Press ReleaseFinancial Accounting Foundation Establishes New Council to Improve Standard Setting for Private Companies (May 23, 2012)

Background in Establishing the PCC


January 18, 2012—Atlanta, GA

  • [Asset Included(Id:1176159757652;Type:Media_C)]Meeting Audio
  • Meeting Summary 

January 26, 2012—Fort Worth, TX

  • [Asset Included(Id:1176159776155;Type:Media_C)]Meeting Audio
  • Meeting Summary 

February 7, 2012—Palo Alto, CA (Stanford)

  • [Asset Included(Id:1176159790997;Type:Media_C)] Meeting Audio
  • Meeting Summary 

March 1, 2012—Boston, MA

  • [Asset Included(Id:1176159854877;Type:Media_C)]Meeting Audio
  • Meeting Summary