The US Financial Accounting Standards Board
(FASB) has named the members of the newly established
Not-for-Profit Advisory Committee (NAC).
The NAC has 17 members from the not-for-profit
sector, including users of not-for-profit financial reports,
preparers, practitioners, and those with backgrounds in academia
and law.
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FASB assistant director Jeff Mechanick will
serve as the NAC chair.
Mechanick said the NAC will significantly
enrich the two-way communication between the FASB and the
not-for-profit sector.
“That [communication] is so important to the
board’s and staff’s ability to identify and address the sector’s
needs and concerns during the FASB’s standard-setting activities,”
Mechanick added.
Professional services representatives on the
NAC include John Mattie from PricewaterhouseCoopers,
Cynthia Pierce from Crowe Horwath, Laura Roos from Moss
Adams and Bill Titera from Ernst & Young.
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