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The Institute launched a Web-based survey to assess how well private company financial reports meet the needs of those who use them.


The Institute launched a Web-based survey to assess how well private company financial reports meet the needs of those who use them: bank lenders; investors and venture capital/buyout companies; surety An individual who undertakes an obligation to pay a sum of money or to perform some duty or promise for another in the event that person fails to act.


surety n.
, bonding and insurance companies; business owners and managers; and auditors AUDITORS, practice. Persons lawfully appointed to examine and digest accounts referred to them, take down the evidence in writing, which may be lawfully offered in relation to such accounts, and prepare materials on which a decree or judgment may be made; and to report the whole, together  and others (http://survey.themsrgroup.com/aicpa. html). The survey also asks whether the cost of gathering information for private-company GAAP-based financial statements--as in public-company reporting--is justified. The online poll and a telephone survey augmenting it will continue until September Until September is a 1984 romantic drama set in France. It stars Karen Allen as an American tourist in Paris who falls in love with a married Frenchman (Thierry Lhermitte). External links  15. While individual responses will be kept confidential confidential,
adj pertaining to information that is only shared with those directly responsible for patient care.
, the general results of the survey will be announced this fall. A related discussion paper offers differing views on various aspects of private-company financial reporting (www.aicpa.org/members/div/acctstd/ pvtco_fincl_reprt/index.htm).
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Title Annotation:Accounting
Publication:Journal of Accountancy
Date:Sep 1, 2004
Words:125
Previous Article:AICPA amplifies CPA voices.(Highlights)
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