Private Company Directors

Private Company Council Chair Billy Atkinson Steps Down

Billy M. Atkinson, the chairman of the Private Company Council that helps set accounting standards for privately held companies, said Wednesday that he will not seek a second term as head of the group after his current term expires at the end of this year, according to an Accounting Today report.

As a result, the Board of Trustees of the Financial Accounting Foundation, which oversees the PCC along with the Financial Accounting Standards Board and the Governmental Accounting Standards Board, has issued a request for nominations for candidates to succeed Atkinson next January and to fill other potential vacancies on the Council.

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