Date: September 16, 2013
To: Financial Accounting Standards Board
Filing Type: Regulatory
Description: The CCMC agrees with FASB’s objective to amend the Master Glossary of the FASB Accounting Standards Codification to include one definition of public business entity for use in Generally Accepted Accounting Principles (“U.S. GAAP”) and identifying the types of business entities 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.