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The Big Risks of Little GAAP

Thursday, December 2, 2010

Over the past year, a blue-ribbon panel has been exploring potential changes to the process by which financial accounting and reporting standards are set for private U.S. companies. The panel's mission reflects private-company stakeholders' growing dissatisfaction with generally accepted accounting principles as set by the Financial Accounting Standards Board. Unfortunately, the panel is leaning toward a "solution" that would likely make current problems worse rather than better... Read More

Bruce Pounder –