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Accountants Hope to Add Public Input to Rules on Private Financial Statements

Kansas City Business Journal, Accountants Hope to Add Public Input to Rules on Private Financial Statements, September 23, 2011

Accountants are encouraging owners of private companies to speak up in support of more practical rules for audited financial statements. The Financial Accounting Foundation (FAF) is set to act on a special blue ribbon panel’s recommendation to create separate rules for the financial statements of private companies. FAF oversees the Financial Accounting Standards Board, which makes the rules for Generally Accepted Accounting Principles.

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MarksNelson LLC works with clients to help safeguard and grow their businesses. Our ultimate goal is to help our clients to Move Forward. The firm provides Assurance, Accounting Services and Business Advisory, Business Valuation, Consulting, Cost Segregation, Employee Benefit Plan Audits, Litigation Support, Forensic Accounting, International Tax, State and Local Tax and Tax planning, advisory and compliance services. MarksNelson is a member of The Leading Edge Alliance, the second-largest international professional association of independently owned accounting and consulting firms, serving clients who need additional resources on a national or international level. MarksNelson has significant accounting and business advisory experience in the auto dealership, construction, insurance, manufacturing, distribution and real estate sectors. The firm was named among the 2014 Best Accounting Firms for Leadership Equity by the 2014 Accounting MOVE Project for its dedication to gender equity.

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