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PCFRC
(redirected from Private Company Financial Reporting Committee)

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PCFRCPrivate Company Financial Reporting Committee


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One group charged with addressing that question is the Private Company Financial Reporting Committee (PCFRC), a joint committee of the Financial Accounting Standards Board (FASB) and the AICPA.
who is also an FEI member and member of the FASB-AICPA Private Company Financial Reporting Committee, says: "many of the difficulties public companies will experience in assembling the information, specifically the direct-cash flow statement and proposed reconciliation schedule, will also be present for private companies, though perhaps on a smaller scale.
the AICPA and the Private Company Financial Reporting Committee, are among the groups mulling possible courses for private companies.
 
 
 
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