The trustees of the Financial Accounting Foundation have reappointed Candace Wright to a third two-year term as chair of the Private Company Council, and added David Pesce as a member of the PCC for a three-year term. Both new terms will begin Jan. 1, 2022. A director at Top 100 […]
private
FASB to allow private companies a practical way to account for share-based awards
The Financial Accounting Standards Board has endorsed a recommendation from its Private Company Council to allow a practical expedient for a private company to determine the current price input of equity-classified share-based awards issued to both employees and nonemployees. During a meeting Wednesday, the board agreed to issue an accounting […]
Angelina Jolie, Brad Pitt lawyers face off over bid dump private judge
The long-delayed celebrity divorce of Angelina Jolie and Brad Pitt entered a new stage of complications Friday when their big-name legal teams went before a California appellate court to argue about Jolie’s bid to dump their private judge and start over on their nearly five-year-old custody battle. There was no […]