Summarize the history of the private company council

Reference no: EM133229119

Assignment - Accounting Issues Private Company Council Tasks

a. Summarize the history of the Private Company Council (You may need to research regarding what happened to the Private Company Council after the case was written).

b. Critique the following proposition: Having two sets of GAAP (one for publicly traded firms and the other for non-publicly traded firms) is a good idea that needs to be developed and fully implemented.

c. Your view about the current decision made by FAF regarding the private company council (Do you think it is appropriate or not? Is there any room for improvement? etc. )

d. Introduce any other related thoughts or research on this accounting issue. It could be your own or someone else's.

Reference no: EM133229119

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