Private Company Council

Private Company Council Meeting Recap

Norwalk, CT, December 13, 2016—The Private Company Council (PCC) met on Tuesday, December 13, 2016. Below is a brief summary of issues addressed by the PCC at the meeting.

Meeting Recap

FAF Trustees Transition Private Company Council Oversight to Standard-Setting Process Oversight Committee

Norwalk, CT, November 15, 2016—The Board of Trustees of the Financial Accounting Foundation (FAF) today approved the transition of oversight responsibility for the Private Company Council (PCC) from the Trustees’ Private Company Review Committee (PCRC) to its....

News Release

FAF Appoints Four New Private Company Council Members

Norwalk, CT, November 15, 2016—The Board of Trustees of the Financial Accounting Foundation (FAF) today appointed four new members of the Private Company Council (PCC) to three-year terms that begin on January 1, 2017....

News Release

Private Company Council Meeting Recap

Norwalk, CT, September 30, 2016—The Private Company Council (PCC) met on Friday, September 30, 2016. Below is a brief summary of issues addressed by the PCC at the meeting.

Meeting Recap

Private Company Council Meeting Recap

Norwalk, CT, July 19, 2016—The Private Company Council (PCC) met on Tuesday, July 19, 2016. Below is a brief summary of issues addressed by the PCC at the meeting.

Meeting Recap

FASB and PCC to Host Private Company Town Hall at Baruch College

Norwalk, CT, May 9, 2016—The Financial Accounting Standards Board (FASB) and the Private Company Council (PCC) will host a Private Company Town Hall Meeting on Monday, June 13, 2016, at Baruch College in New York City....

News Release

  • December 13, 2016 Private Company Council Meeting Recap
  • November 15, 2016 FAF Trustees Transition Private Company Council Oversight to Standard-Setting Process Oversight Committee
  • November 15, 2016 FAF Appoints Four New Private Company Council Members
  • September 30, 2016 Private Company Council Meeting Recap
  • July 19, 2016 Private Company Council Meeting Recap
  • May 9, 2016 FASB and PCC to Host Private Company Town Hall at Baruch College

Three-Year Review of the PCC

The FAF Board of Trustees conducted an assessment of the PCC based on the PCC’s first three years of operation. The objective of this assessment was to determine whether the PCC is meeting its primary responsibilities and mission, and provide an assessment of the PCC’s continuing role and effectiveness. In response to stakeholder input, the FAF Trustees made targeted improvements to increase the PCC’s effectiveness without significantly changing the PCC’s roles and responsibilities.
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PROJECTS

A detailed listing of all current PCC agenda projects, agenda research projects, and the PCC’s work with the FASB on its current projects that affect private company stakeholders.
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MEETINGS

The PCC meetings will be video-webcast live. Those interested in observing the meeting in person must reserve a seat in advance, as seating is limited. The meeting agenda will be posted in advance.
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FEEDBACK AND INQUIRIES

Email Us with your input on issues that affect you as a private company stakeholder.
Read comment letters submitted on private company related projects.



PCC REQUEST FOR NOMINATIONS

The FAF Trustees are currently seeking candidates for three upcoming member vacancies on the PCC: a CPA practitioner, a financial statement preparer, and a financial statement user. All materials should be submitted by April 24, 2017.
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NEWS & MEDIA

For the latest news and announcements on PCC activities.
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ABOUT THE PCC

  • Responsibilities
  • Operating procedures
  • Council members
  • History
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