Add to favorites
The purposes of the Update are to (a) amend the Master Glossary to include one definition of a public business entity for use in U.S. generally accepted accounting principles and (b) identify the types of organizations that would be excluded from the scope of the Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies once it is finalized. This Update will not affect existing requirements.
The definition of a public business entity will be used by the FASB, the Private Company Council, and the Emerging Issues Task Force in specifying the scope of future financial accounting and reporting guidance.
This Accounting Standards Update is the final version of Proposed Accounting Standards Update 2013-310—Definition of a Public Business Entity, which has been deleted.
Issued: December 23, 2013

Welcome to Viewpoint, the new platform that replaces Inform. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.

Your session has expired

Please use the button below to sign in again.
If this problem persists please contact support.

signin option menu option suggested option contentmouse option displaycontent option contentpage option relatedlink option prevandafter option trending option searchicon option search option feedback option end slide