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AICPA explores financial reporting for private cos.

Concerns over how Sarbanes-Oxley relates to private companies has led the AICPA to form a Private Company literature to smaller, private companies hastened the study, the AICPA says.

The task force will first establish if there is an issue with traditional GAAP financial statements and will enlist the help of such organizations as the American Bankers Association, Financial Executives International and state CPA societies.

For more, visit www.aicpa.org/download/news/2004_0309_TF_Fincl_reprt_privatco.pdf.
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Title Annotation:AICPA News; concerns grow over how Sarbanes-Oxley relates to private companies
Publication:California CPA
Article Type:Brief Article
Geographic Code:1USA
Date:May 1, 2004
Words:101
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