Private-Company GAAP: Friend or Foe?
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1
. Are you in favor of a modified GAAP for private companies?
Are you in favor of a modified GAAP for private companies?
Yes.
No.
Not sure.
2
. Assuming accounting standards-setters decide to go forward with a modified GAAP for private companies, who do you think should have final authority over it?
Assuming accounting standards-setters decide to go forward with a modified GAAP for private companies, who do you think should have final authority over it?
FASB.
A newly-created, independent board.
Don't know.
Any of the above, don't care.
Other (please specify)
3
. Would your company use a modified GAAP for private companies?
Would your company use a modified GAAP for private companies?
Yes.
Possibly.
No, we're private but would prefer standard GAAP.
No, wouldn't apply to us.
Not sure.
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