Date: June 21, 2013

Issue: Accounting and Auditing

To: Financial Accounting Standards Board

Filing Type: Regulatory

Description: CCMC sent a letter to Financial Accounting Standards Board (FASB) on the Private Company Decision-Making Framework.  It is our understanding that the 2013 Framework represents an update of the 2012 Discussion Paper following consideration of commentary and other outreach activities by FASB and the Private Company Council.  Today’s letter reiterates concerns submitted for the 2012 Discussion Paper that if enacted, the Framework would increase complexity in private company accounting while creating confusion amongst users of private company accounting.

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