Home Banking & Finance AICPA mulls GAAP alternative

AICPA mulls GAAP alternative


After long deliberation, the Norwalk-based Financial Accounting Foundation established a new council to improve how bookkeeping standards are set for private companies, even as the country’s largest accountancy group revealed plans to develop new rules for small businesses. The new Private Company Council created by the Financial Accounting Foundation (FAF) will determine whether exceptions or…

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