Accounting firm urges independent standards for private companies

Clifton Gunderson LLP said it is intensifying its efforts to urge the Financial Accounting Foundation (FAF) to establish an independent board to set standards to U.S. generally accepted accounting principles (U.S. GAAP) for private companies. The firm’s CEO, Kris McMasters, is leading the efforts for the firm, which includes participation from its nearly 700 certified public accountants. The firm is spearheading a letter-writing campaign leveraging its CPAs and private-company clients, urging them to express their disappointment directly to FAF regarding its failure to call for an independent board. . The comment deadline is Jan.14, 2012.To learn more, visit www.cliftoncpa.com.

Clifton Gunderson LLP said it is intensifying its efforts to urge the Financial Accounting Foundation (FAF) to establish an independent board to set standards to U.S. generally accepted accounting principles (U.S. GAAP) for private companies. The firm’s CEO, Kris McMasters, is leading the efforts for the firm, which includes participation from its nearly 700 certified public accountants. The firm is spearheading a letter-writing campaign leveraging its CPAs and private-company clients, urging them to express their disappointment directly to FAF regarding its failure to call for an independent board. . The comment deadline is Jan.14, 2012.To learn more, visit www.cliftoncpa.com.