The AICPA’s Financial Reporting Executive Committee has issued an early working draft of chapter 8, “Inferring Value From Transactions in a Private Company’s Securities,” and chapter 9, “Selected Accounting and Disclosure Matters,” which is part of a broader forthcoming update of the 2013 edition of the AICPA Accounting and Valuation Guide, Valuation of Privately-Held-Company Equity Securities Issued as Compensation. This working draft provides guidance for preparers of financial statements, independent auditors, and valuation specialists. Comments are due by September 20, 2024.