BANK Wire – FAF: No independent board for “private company GAAP”
$225.00
Description
Abstract: This issue’s “BANK Wire” discusses the Financial Accounting Foundation’s rejection of the concept of a separate accounting standards board for private companies, in favor of a Private Company Standards Improvement Council. It also looks at the revelation of widespread mortgage-related violations of the Servicemembers Civil Relief Act, and notes a Federal Trade Commission publication that provides a valuable guide to anyone dealing with Fair Credit Reporting Act issues.
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