The Future of Private-Company Financial Reporting

摘要

As I noted last month in my first "Financial Reporting" column for Strategic Finance magazine, most of the changes that are occurring in corporate financial reporting today are the result of a single phenomenon: the global convergence of financial reporting standards. But it's important to recognize that "Convergence" is bringing different kinds of changes to different kinds of companies. In particular, private companies are experiencing the effects of Convergence differently from public companies. In this column, I will focus specifically on private companies and describe a global standards-setting project that is poised to take the lead role in shaping the future of private-company financial reporting in the United States and around the world.