Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Ideally, who should set U.S. accounting standards for private companies or not for profit organizations?

April 26, 2017Accounting companies ideally Organizations private profit Standards

0

Posted

Ideally, who should set U.S. accounting standards for private companies or not for profit organizations?

1 Answer

0

Posted

The current FASB should continue to set standards for public and private companies and not for profit organizations. The Private Company Financial Reporting Committee should continue to help consult with the FASB.