Private Company Council will consider VIEs and other issues

12/7/2012 | JournalofAccountancy.com

In its inaugural meeting, the Private Company Council set into motion a review of four accounting issues that have long concerned private-company owners and their financial-statement preparers. Variable-interest entities, whose consolidation can be costly for private companies, with questionable usefulness for financial-statement users, were among items on the list. Read more about other items the council decided to consider.

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