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One Step Closer to Little GAAP

Monday, October 11, 2010

A blue-ribbon panel has recommended that a new set of accounting standards be drawn up for private companies based on U.S. generally accepted accounting principles. The panel also recommended that a private-company rulemaking board be established, separate from the Financial Accounting Standards Board, which currently writes and revises U.S. GAAP... Read More

Marie Leone – CFO.com