FASB Appoints New Members to Its Task Force and Advisory Groups
On March 11, the Financial Accounting Standards Board (FASB) announced the appointment of new members to the Emerging Issues Task Force, the Investors Technical Advisory Committee, and the Not-for-Profit Advisory Committee.
FASB's Investors Technical Advisory Committee
FASB established the Investors Technical Advisory Committee (ITAC) in 2007 to increase participation in the standard-setting process by investors and other users of financial information.
The ITAC is typically comprised of eleven to thirteen individuals who are users of financial reports and who have strong technical accounting knowledge.
The committee serves as a standing resource to the board and to FASB staff and provides technical accounting advice, from the investors' perspective, on current projects.
The ITAC also identifies critical accounting and financial reporting deficiencies that require the board's attention and proposes new items to be added to the board's agenda – both major projects and technical application and implementation activities.
- Frederick Cannon, director of research, chief equity strategist and executive vice president, Keefe, Bruyette & Woods, Inc., Research Division, New York
- Wallace Enman, senior accounting analyst, Moody's Investors Service, New York
- Brian Foran, partner, US Regional Banks and Cards, Autonomous Research, New York
- Jonathan Nus, CPA, senior director, Standard & Poor's Ratings Services, New York
- Kevin W. Shea, CFA, director of quantitative research, Cadence Capital Management, LLC, Boston
- David Trainer, chief executive officer, New Constructs, Brentwood, Tennessee.
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