The US’ Financial Accounting Standards Board (FASB) has appointed two members to its Not-for-Profit Advisory Committee (NAC), effective 1 January 2023.

The role of NAC is to obtain input from the not-for-profit sector on existing financial repoting guidance, current and proposed technical agenda projects, and longer term or pervasive financial reporting matters affecting those organisations.

The new NAC members are:

  • Mai-Anh Fox, chief financial officer, Ford Foundation
  • Kerri Tricarico, senior associate vice president financial operations and controller, New York University.

Both members have been appointed for a four-year term, ending on 31 December 2026.

FASB chair Richard Jones said: “Mai-Anh Fox and Kerri Tricarico bring strong backgrounds in not-for-profit financial reporting and analysis to the NAC. We look forward to the unique perspectives they will bring to the group’s robust discussions on matters that affect not-for-profit stakeholders.”

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