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FEI Files Comment Letter On FIN 48 For Pass-Through Entities
June 18, 2009
FEI Summary
On June 18, 2009 FEI's Committee on Private Companies Standards Subcommittee filed a comment letter with the Financial Accounting Standards Board on proposed FASB Staff Position No. FIN 48-d, Application Guidance for Pass-through Entities and Tax-Exempt Not-for-Profit Entities and Disclosure Modifications for Nonpublic Entities.
The letter, signed by CPC Standards Subcommittee Chairman Bill Koch, vice president and chief financial officer of Development Dimensions International, expresses the committee's appreciation for FASB's efforts in this area, supports the reduced disclosure requirement, and recommends adding some clarifying language. For further details, read the FEI CPC letter. See also comment letters posted to date by FASB.
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