By: Bryan Porter
Financial reporting for privately held construction firms has become increasingly difficult and time-consuming for executive management teams.
The Private Company Council (PCC) is an advisory body to the Financial Accounting Standards Board (FASB), which is responsible for setting generally accepted accounting principles (GAAP). The PCC has been tasked with identifying certain onerous accounting topics facing privately held companies and exploring alternative accounting treatment to simplify the accounting complexity and reduce resources needed to comply with current GAAP. Additionally, they have taken on several projects of importance to construction executive management teams.
In the August 8th online edition of Construction Executive Risk Management, Bryan Porter, Director in the Audit, Accounting, and Consulting Department of Ellin & Tucker, shares his insights on accounting alternatives available to privately held construction firms.
To read the article, please visit Accounting Alternatives for Privately Held Construction Firms on Construction Executive’s website.
Bryan is a highly motivated and service-minded Director in Ellin & Tucker’s audit, accounting, and consulting department. He provides high quality audit, accounting and advisory services to many of the firm’s construction industry clientele. Bryan’s exceptional knowledge of industry technical trends has solidified his reputation as a well-respected member of the firm’s Construction Services Group.