The definition of a public business entity will be used in considering the scope of new financial guidance and will identify whether the guidance does or does not apply to public business entities. The definition excludes a not-for-profit entity within the scope of Topic 958 or an employee benefit plan within the scope of
Roman law, the law of ancient Rome from the time of the founding of the city in 753 bce until the fall of the Western Empire in the 5th century ce. It remained in use in the Eastern, or Byzantine, Empire until 1453. As a legal system, Roman law has affected the development of law in most of Western civilization as well as in parts of the East.
Roman law developed the division between public law, in which the state is directly involved, such as with issues of treason and taxation, and private law, concerned with disputes between people, such as over contracts. This system was the basis for what is now known in the West as Civil law. Roman law also influenced the development of private international law. Romans had indictments and jury trials, similar to today's practices. Many defense techniques currently employed can also be traced back to Roman procedures.