PCSIC
Comment Letter No. 140
From:
To:
Subject:
Date:
George W. Gregory
Private Company Plan
Private Company Standards
Thursday, December 22, 2011 7:26:02 PM
Today when I see private company financial statements I tend to see two types: (1) those created
on an income tax basis, and (2) those that disclaim so much I am not sure what standards apply.
The profession can do better, but not as long as private companies are an afterthought to SEC
reporting companies
A separate standard setting body is needed.
Thank you for your consideration.
NOTICE:
Any tax advice in this e-mail, including attachments, may not be used to avoid penalties or promote
any tax related matter.
George W. Gregory, Attorney
George W. Gregory, PLLC
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