diff --git a/compiler/frontend.java/src/org/jetbrains/kotlin/resolve/jvm/checkers/NeedSyntheticChecker.java b/compiler/frontend.java/src/org/jetbrains/kotlin/resolve/jvm/checkers/NeedSyntheticChecker.java
index a39436bf670..a58ebf02956 100644
--- a/compiler/frontend.java/src/org/jetbrains/kotlin/resolve/jvm/checkers/NeedSyntheticChecker.java
+++ b/compiler/frontend.java/src/org/jetbrains/kotlin/resolve/jvm/checkers/NeedSyntheticChecker.java
@@ -19,6 +19,7 @@ package org.jetbrains.kotlin.resolve.jvm.checkers;
 import org.jetbrains.annotations.NotNull;
 import org.jetbrains.kotlin.descriptors.CallableDescriptor;
 import org.jetbrains.kotlin.descriptors.CallableMemberDescriptor;
+import org.jetbrains.kotlin.descriptors.PropertyDescriptor;
 import org.jetbrains.kotlin.descriptors.Visibilities;
 import org.jetbrains.kotlin.resolve.calls.checkers.CallChecker;
 import org.jetbrains.kotlin.resolve.calls.context.BasicCallResolutionContext;
@@ -30,7 +31,7 @@ import static org.jetbrains.kotlin.resolve.BindingContext.NEED_SYNTHETIC_ACCESSO
 public class NeedSyntheticChecker implements CallChecker {
 
     @Override
-    public  <F extends CallableDescriptor> void check(
+    public <F extends CallableDescriptor> void check(
             @NotNull ResolvedCall<F> resolvedCall,
             @NotNull BasicCallResolutionContext context
     ) {
@@ -45,7 +46,14 @@ public class NeedSyntheticChecker implements CallChecker {
     //      e.g.: from class to companion object) controlled via NEED_SYNTHETIC_ACCESSOR slice
     private static boolean needSyntheticAccessor(LexicalScope invokationScope, CallableDescriptor targetDescriptor) {
         return targetDescriptor instanceof CallableMemberDescriptor &&
-               Visibilities.isPrivate(targetDescriptor.getVisibility()) &&
+               isPrivate(targetDescriptor) &&
                targetDescriptor.getContainingDeclaration() != invokationScope.getOwnerDescriptor().getContainingDeclaration();
     }
+
+    private static boolean isPrivate(@NotNull CallableDescriptor targetDescriptor) {
+        return Visibilities.isPrivate(targetDescriptor.getVisibility()) ||
+               (targetDescriptor instanceof PropertyDescriptor &&
+                ((PropertyDescriptor) targetDescriptor).getSetter() != null &&
+                Visibilities.isPrivate(((PropertyDescriptor) targetDescriptor).getSetter().getVisibility()));
+    }
 }
diff --git a/compiler/testData/codegen/box/properties/kt8928.kt b/compiler/testData/codegen/box/properties/kt8928.kt
new file mode 100644
index 00000000000..bafc93f62b3
--- /dev/null
+++ b/compiler/testData/codegen/box/properties/kt8928.kt
@@ -0,0 +1,16 @@
+class App {
+    fun init() {
+        s = "OK"
+    }
+    companion object {
+        var s: String = "Fail"
+            private set
+
+    }
+}
+
+fun box(): String {
+    App().init()
+
+    return App.s
+}
\ No newline at end of file
diff --git a/compiler/tests/org/jetbrains/kotlin/codegen/generated/BlackBoxCodegenTestGenerated.java b/compiler/tests/org/jetbrains/kotlin/codegen/generated/BlackBoxCodegenTestGenerated.java
index 09252ce51f0..19156793f6b 100644
--- a/compiler/tests/org/jetbrains/kotlin/codegen/generated/BlackBoxCodegenTestGenerated.java
+++ b/compiler/tests/org/jetbrains/kotlin/codegen/generated/BlackBoxCodegenTestGenerated.java
@@ -6742,6 +6742,12 @@ public class BlackBoxCodegenTestGenerated extends AbstractBlackBoxCodegenTest {
             doTest(fileName);
         }
 
+        @TestMetadata("kt8928.kt")
+        public void testKt8928() throws Exception {
+            String fileName = JetTestUtils.navigationMetadata("compiler/testData/codegen/box/properties/kt8928.kt");
+            doTest(fileName);
+        }
+
         @TestMetadata("kt9603.kt")
         public void testKt9603() throws Exception {
             String fileName = JetTestUtils.navigationMetadata("compiler/testData/codegen/box/properties/kt9603.kt");