Compared with PCFRC and PCSIC, PCC: What are its characteristics?

1.FAF gives the Palestinian Competition Commission full autonomy. PCC has certain independence and is not controlled by FASB. If FASB approval is not required, PCC has the right to make its own agenda; PCC can hold its own education and management meetings. (aicpa, Gao Dun)

2. The membership of 2.PCC is reduced to 9 ~ 12, of which the chairman 1. A smaller and more flexible organization is conducive to coordinating opinions and making centralized decisions. Members of PCC are directly appointed by FAF and need to have rich experience and background in financial reporting of private companies. FASB members are not allowed to be the chairman of PCC. The term of office of PCC members is three years, renewable for two years.