PCPS TIC Comment Letters

TIC Comment Letters provide TIC’s views on proposed technical standards affecting small businesses. They are categorized according to the following categories:

Accounting Standards

FASB ED: Debt (Topic 470): Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent), Revision of Exposure Draft Issued January 10, 2017
Comment Letter by PCPS Technical Issues Committee    Letter Date: October 28, 2019

FASB ED: Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)
Comment Letter by PCPS Technical Issues Committee    Letter Date: October 14, 2019

FASB ED: Identifiable Intangible Assets and Subsequent Accounting for Goodwill
Comment Letter
 by PCPS Technical Issues Committee    Letter Date: October 7, 2019

FASB ED: Financial Instruments-Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates
Comment Letter by PCPS Technical Issues Committee    Letter Date: September 16, 2019

FASB ED: Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative
Comment Letter by PCPS Technical Issues Committee    Letter Date: June 28, 2019

FASB ED: Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes
Comment Letter by PCPS Technical Issues Committee    Letter Date: June 25, 2019

FASB ED: Income Taxes (Topic 740): Changes to the Disclosure Framework for Income Taxes 
Comment Letter by PCPS Technical Issues Committee    Letter Date: May 20, 2019

FASB ED: Leases
Comment Letter by PCPS Technical Issues Committee    Letter Date: May 13, 2019

FASB ITC: Measurement and Other Topics Related to Revenue Contracts with Customers Under Topic 805
Comment Letter by PCPS Technical Issues Committee    Letter Date: April 30, 2019

FASB ED: Extending the Private Company Accounting Alternatives on Goodwill and Certain Identifiable Intangible Assets to Not-for-Profit Entities
Comment Letter by PCPS Technical Issues Committee    Letter Date: January 31, 2019

FASB ED, Leases (Topic 842): Narrow-Scope Improvements for Lessors
Comment Letter by PCPS Technical Issues Committee    Letter Date: September 10, 2018

FASB ED, Collaborative Arrangements (Topic 808); Targeted Improvements
Comment Letter by PCPS Technical Issues Committee    Letter Date: May 21, 2018

FASB ED, Leases (Topic 842): Targeted Improvements
Comment Letter by PCPS Technical Issues Committee    Letter Date: February 5, 2018

FASB ED: January 18, 2018 Proposed Accounting Standards Update, Income Statement—Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income
Comment Letter by PCPS Technical Issues Committee    Letter Date: February 2, 2018

FASB ED: Revenue Recognition for Private Companies
Comment Letter by PCPS Technical Issues Committee    Letter Date: January 17, 2018

Auditing and Attestation Standards

ASB ED of Proposed SAS: Auditing Accounting Estimates
Comment Letter by the PCPS Technical Issues Committee.   Letter date: November 22, 2019

ASB ED of Proposed SAS: Amendments to AU-C Sections 800, 805, and 810 to Incorporate Auditor Reporting Changes from SAS No. 134
Comment Letter
 by the PCPS Technical Issues Committee.   Letter date: October 28, 2019

ASB ED of Proposed SAS: Audit Evidence
Comment Letter
 by the PCPS Technical Issues Committee.   Letter date: September 18, 2019

ASB ED of Proposed SSAE: Clarification and Recodification
Comment Letter
 by the PCPS Technical Issues Committee.   Letter date: October 11, 2018

ASB ED of Proposed SAS, Auditor Reporting
Comment Letter
 by the PCPS Technical Issues Committee.   Letter date: April 23, 2018

ASB ED Of Proposed SAS, The Auditor’s Responsibilities Relating to Other Information Included in Annual Reports
Comment Letter by the PCPS Technical Issues Committee.   Letter date: March 30, 2018

ASB ED of Proposed SAS, Omnibus Statement on Auditing Standards—2018
Comment Letter by the PCPS Technical Issues Committee.   Letter date: March 30, 2018

Preparation, Compilation and Review Standards

ARSC ED of Proposed SSARS: Materiality in a Review of Financial Statements, Adverse Conclusions, and Special Purpose Frameworks
Comment Letter by PCPS Technical Issues Committee. Letter Date: September 20, 2019

Ethics Standards

PEEC ED, Proposed Interpretation: Hosting
Comment Letter by PCPS Technical Issues Committee. Letter Date: May 10, 2019

PEEC ED, Proposed Interpretation: State and Local Government Client Affiliates
(formerly Entities Included in State and Local Government Financial Statements)
Comment Letter by PCPS Technical Issues Committee. Letter Date: March 11, 2019

PEEC ED, Proposed Interpretation: Staff Augementation Arrangements
Comment Letter
 by PCPS Technical Issues Committee. Letter Date: August 15, 2018

PEEC ED, Proposed Interpretation: Disclosing Client Information in Connection with a Quality Review
Comment Letter
 by PCPS Technical Issues Committee. Letter Date: August 15, 2018

PEEC Exposure Draft (ED), Proposed Interpretation: Information Systems Services
Comment Letter
 by PCPS Technical Issues Committee. Letter Date: June 15, 2018

Forensic Services Standards

Forensic and Valuation Services ED: Proposed Standard for Engagements of Forensic Service
Comment Letter by the PCPS Technical Issues Committee. Letter date: April 22, 2018

Governmental Accounting

GASB ED: Omnibus 20XX
Comment Letter by the PCPS Technical Issues Committee. Letter date: October 1, 2019

GASB ED: Internal Revenue Code Section 457 Deferred Compensation Plans That Meet the Definition of a Pension Plan and Supersession of GASB Statement 32
Comment Letter
 by the PCPS Technical Issues Committee. Letter date: September 20, 2019

GASB ED: Public-Private and Public-Public Partnerships and Availability Payment Arrangements (Project No. 30-1)
Comment Letter
 by the PCPS Technical Issues Committee. Letter date: September 13, 2019

GASB ED: Subscription-Based Information Technology Arrangements
Comment Letter
by the PCPS Technical Issues Committee. Letter date: August 22, 2019

GASB Proposed Implementation Guide, Leases (Project No. 3-24)
Comment Letter by the PCPS Technical Issues Committee. Letter date: February 28, 2019

GASB ED: Proposed Implementation Guide, Fiduciary Activities
Comment Letter
 by the PCPS Technical Issues Committee. Letter date: February 28, 2019

GASB ED: Financial Reporting Model
Comment Letter by the PCPS Technical Issues Committee. Letter date: February 15, 2019

GASB ED: Recognition of Elements
Comment Letter by the PCPS Technical Issues Committee. Letter date: February 15, 2019

GASB ED: Conduit Debt Obligations
Comment Letter
 by the PCPS Technical Issues Committee. Letter date: April 22, 2018

GASB ITC: Major Issues Related to Revenue and Expense Recognition
Comment Letter by the PCPS Technical Issues Committee. Letter date: April 24, 2018

GASB ED: Accounting for Interest Cost during the Period of Construction (Project No. 9-5)
Comment Letter
 by the PCPS Technical Issues Committee. Letter date: February 16, 2018

Peer Review

No comment letters were issued in 2018.