September 2011

FASB Selects Watson to Participate at the Public Roundtable Meeting to Solicit Input on Private-Company Accounting and Reporting Issues

The Financial Accounting Standards Board (FASB) selects Jeffery Watson, a Quality Assurance Senior Manager at Blackman Kallick, to participate in the FASB’s public roundtable meeting to solicit input on private-company accounting and reporting issues.

The FASB has determined that accounting and disclosure requirements relating to variable interest entities, interest rate swaps, and fair value measurements are a significant concern to the private company constituency. The roundtable will discuss recent changes at the FASB relating to private company considerations in the standard setting process. Other topics will be addressed if time permits. 

“It’s always exciting to participate and contribute to the standard setting process of the FASB. With all the proposed changes out there on private company financial reporting, specifically who will be setting privately-held GAAP down the road, these roundtables go a long way in demonstrating to users, preparers, and auditors the FASB’s commitment to private company standard setting in the United States. ” said Jeffery.

The roundtable will be recorded and available online at accountingfoundation.org.

FASB Roundtable in Chicago
October 11, 2011, 10:00 a.m. – 1:00 p.m.
Renaissance Chicago O'Hare Suites
8500 W Bryn Mawr Avenue
Chicago, IL