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: Business Combinations (Topic 805), Accounting for Contract Assets and Liabilities from Contracts with Customers
Comment Letter by PCPS Technical Issues Committee    Letter Date: February 05, 2021

FASB ED: Intangibles—Goodwill and Other: Accounting Alternative for Evaluating Triggering Events
Comment Letter by PCPS Technical Issues Committee    Letter Date: November 13, 2020

FASB Proposed Statement of Financial Accounting Concepts, Concepts Statement No. 8, Conceptual Framework for Financial Reporting, Chapter 4: Elements of Financial Statements
Comment Letter by PCPS Technical Issues Committee    Letter Date: November 13, 2020

FASB ED: Compensation—Stock Compensation (Topic 718): Determining the Current Price of an Underlying Share for Equity-Classified Share-Option Awards
Comment Letter 
by PCPS Technical Issues Committee    Letter Date: September 29, 2020

FASB ED: Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities
Comment Letter 
by PCPS Technical Issues Committee    Letter Date: May 6, 2020

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

Auditing and Attestation Standards

ASB ED, Amendments to AU-C Sections 501, 540, and 620 Related to the Use of Specialists and the Use of Pricing Information Obtained from External Information Sources
Comment Letter
 by the PCPS Technical Issues Committee.   Letter date: January 21, 2021

ASB ED of Proposed SAS: ASB Proposed SAS, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
Comment Letter
 by the PCPS Technical Issues Committee.   Letter date: November 24, 2020

ASB Proposed Strategy and Work Plan
Comment Letter by the PCPS Technical Issues Committee.   Letter date: January 29, 2020

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

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 Proposed Revised Interpretation: Staff Augmentation
Comment Letter by PCPS Technical Issues Committee. Letter Date: November 16, 2020

PEEC ED, Proposed Revised Interpretation: Records Requests
Comment Letter by PCPS Technical Issues Committee. Letter Date: September 28, 2020

PEEC Strategy and Work Plan: Consultation Paper
Comment Letter by PCPS Technical Issues Committee. Letter Date: February 28, 2020

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: February 5, 2019

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: February 8, 2019

Governmental Accounting

GASB ED: Compensated Absences
Comment Letter by the PCPS Technical Issues Committee. Letter date: June 2, 2021

GASB ED, Financial Reporting Model Improvements and GASB ED, Recognition of Elements of Financial Statements
Comment Letter by the PCPS Technical Issues Committee. Letter date: February 26, 2021

GASB Preliminary Views, Revenue and Expense Recognition
Comment Letter by the PCPS Technical Issues Committee. Letter date: February 25, 2021

GASB ED: Implementation Guidance Update—2021
Comment Letter 
by the PCPS Technical Issues Committee. Letter date: January 25, 2021

GASB ED: GASB Proposed Technical Bulletin: Accounting and Financial Reporting Issues Related to the CARES Act
Comment Letter by the PCPS Technical Issues Committee. Letter date: June 25, 2020

GASB ED: GASB Proposed Concepts Statement: Notes to Financial Statements
Comment Letter 
by the PCPS Technical Issues Committee. Letter date: April 15, 2020

GASB ED: Certain Component Unit Criteria, and Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans
Comment Letter by the PCPS Technical Issues Committee. Letter date: April 10, 2020

GASB ED: Implementation Guidance Update—2020
Comment Letter by the PCPS Technical Issues Committee. Letter date: January 30, 2020

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

Peer Review

No comment letters have been issued since 2019.