TY  - SER
AU  - Mastracchio Jr., Nicholas  J.
TI  - How many accounting frameworks are enough
SN  - 0732-8435
U1  - BPer. 657.05 
PY  - 2013///
CY  - -- New York
PB  - The New York state society of certified public accountants
N2  - For more than 40 years, the CPA profession has debated the idea of having a separate set of accounting standards for some undefined segment of closely held businesses a brief history of the debate can be found in the May 2006 issue of The CPA Journal (Jeffrey S. Zancing and Dale L. Flesher, "GAAP Requirement for Nonpublic Companies: New Views on 'Big GAAP' Versus 'Little GAAP'''). More recently, in December 2009, the Financial Accounting Foundation (FAF), the AICPA, and the National Association of State Boards of Accounting (NASBA) established the Blue Ribbon Panel on Standard Setting for Private Companies in Order to Address how accounting standards can best meet the needs of users of U.S, private company Financial statement; the panel was charged with providing recommendations to the FAF Boards of Trustees on the future of private company standards setting
ER  -