On Tuesday, Sept 22nd, 4 pm ET, we will be joined by Paul Glotzer.

Paul is a project manager at the FASB and has extensive experience working with small companies.  He is also the key liaison with the FASB’s new advisory group, the Private Company Financial Reporting Committee, and is currently working on, among other things, the question of whether and how FIN 48 should apply to private entities.

More generally, if you’ve been following current events, you may be aware that the IASB recently issued IFRS for Small and Medium Entities (SMEs).  The FASB now faces a similar question of whether there should be two sets of GAAP here in the US (the Big GAAP / Little GAAP question).  I know this a hot topic for Paul and the PCFRC, so I’m interesting to hear his thoughts on Tuesday.  Come join us!

Remember: You can attend Round Table Discussions in Second Life (instructions here) or on the web at our LIVE page.