The Private Company Council (PCC) has already issued three Accounting Standards Updates (ASUs) and additional updates are likely coming soon. The PCC's agenda is growing as they tackle issues facing practitioners working with nonpublic entities. Take advantage of the ASUs issued to date designed to simplify your work with nonpublic entities and gain a better understanding of the PCC and their agenda.
Recognize the role and upcoming agenda items of the Private Company Council (PCC).
Define a Public Business Entity.
Identify updates made to the Private Company Decision-Making Framework.
Identify current Accounting Standards Updates and exposure drafts outstanding.
Private Company Decision-Making Framework
Accounting Standards Updates issued to date
ASU exposure drafts outstanding.
CPAs with nonpublic entities clients or working in nonpublic entities, auditors, consultants and financial professionals.
As the discussion topics relate to loss mitigation issues faced by firms in today's practice environment, exposure to those issues is beneficial but not critical to success.
Advanced Prep: None
Speaker: Bobbe Barnes
Field of Study: Accounting & Auditing
CPE Credit: 4 Hours
Meet the Speaker:
Bobbe Barnes is an educator and consultant with professional experience in IFRS, US GAAP and certification training around the world. She recently completed nine years overseas working in emerging economies, where she led the team that developed the Certified International Professional Accounting certificate program, comprising training courses and examinations. Ms. Barnes has worked around the world, including the USA, Africa, Central and Eastern Europe, Central Asia, Russia, Ukraine, Middle East, China, Indonesia, Malaysia, Mongolia and South Korea. Ms. Barnes is a CPA, a Certified Management Accountant (CMA) and a Certified Government Financial Manager (CGFM). In addition, she is active in the Institute of Management Accountants, having served on the Board of Directors, and is currently serving on the Standing Advisory Committee of the IMA Leadership Academy. Recently, she was a keynote speaker at the International Accounting and Auditing Conference in Tashkent, Uzbekistan and a speaker at the fifth annual Middle East IFRS and Accounting Summit 2009 in Dubai, where she also conducted a full day workshop on Financial Instruments.