FEI Committee On Private Cos. Responds To Blue Ribbon Panel

Earlier this week, FEI's Committee on Private Company Standards (CPC-S) filed a comment letter in response to questions posed by the Blue Ribbon Panel on Standard Setting for Private Companies. (In December 2009, responding to feedback from many of America’s private companies, and to a recommendation made by the Private Company Financial Reporting Committee (PCFRC), the American Institute of Certified Public Accountants (AICPA), the Financial Accounting Foundation (FAF), and the National Association of State Boards of Accountancy (NASBA) announced the establishment of a “blue-ribbon panel” to address how U.S. accounting standards can best meet the needs of users of private company financial statements.)

Highlights from the FEI CPC-S comment letter can be found in this FEI Summary. (UPDATE: as of 2pm Friday, Sept. 17, 140 comment letters have been posted.)