Members of the FASAC
are chosen from a cross-section of the FASB's stakeholders, including users, preparers, practitioners, association members, academics, and other parties interested in the integrity of full and complete financial reporting and disclosure.
Survey respondents included FASAC
members as well as members of other FASB advisory groups, FASB Board members, and other external stakeholders.
was originally comprised in 1973 of some twenty experts from the fields of finance, accounting, industry, education, banking, and the legal profession.
Members of the FASAC
are chosen from a cross-section of the FASB's stakeholders, including users, preparers, practitioners, associations, academics, and other parties interested in the integrity of full and complete financial reporting and disclosure.
As a member of the FASAC
steering committee, Rickard will participate in the process of advising the FASB, including determinations involving the board's working agenda.
Chookaszian for his service to the FASAC
during the past five years.
The primary function of the FASAC
is to advise the FASB on issues related to projects on the Board's agenda, possible new agenda items, project priorities, procedural matters that may require the attention of the FASB, and other matters as requested by the chairman of the FASB.
At the same time, FAF established FASAC
, with a mission to advise the board on issues that should be addressed.
Professional activities: Member of FASAC
and the AICPA Governing Council
is responsible for advising the Financial Accounting Standards Board (FASB) on technical issues, project priorities, and other matters that affect accounting standard setting.
I've been busy attending meetings on FEI's behalf such as the FASAC
(Financial Accounting Standards Advisory Council) and COSO (Committee of Sponsoring Organizations of the Treadway Commission), of which FEI is one of the five founding organizations.
Wallace has served the profession extensively through the FASAC
, AICPA, AAA and Government Auditing Standards Advisory Council.