Proposal Would Create New Accounting Standard-Setter for Private Companies
1 followers
0 Likes
The parent organization of the Financial Accounting Standards Board will propose on Tuesday that a new body be set up to modify accounting rules for private companies, some of which have complained that existing rules are too complicated and costly.
Read full article here
1 Reply
Reply
Subgroup Membership is required to post Replies
Join ECE - Equity Compensation Experts now
Suggested Posts
| Topic | Replies | Likes | Views | Participants | Last Reply |
|---|---|---|---|---|---|
| RSUs & McDonalds CEO Sex Scandal | 0 | 0 | 103 | ||
| ESPPs Provided Big Gains During March-June Market Swings | 0 | 0 | 93 | ||
| myStockOptions.com Reaches 20-Year Mark | 0 | 0 | 137 |
his is very interesting and it brings up a few immediate questions. Hopefully we have a few ECE members with answers
1. How will "harmonization" with IASB work if we further separate our accounting standards?
2. Will this / Should this have any impact on second markets for private shares? Will this make the accounting for these companies more or less transparent? More importantly, will it make the accounting more accurate? Predictable?
3. Will public companies see this as another reason to "go private"?
I am sure there are others, but let's start here....
Dan