FASAC

(redirected from Financial Accounting Standards Advisory Council)
AcronymDefinition
FASACFinancial Accounting Standards Advisory Council
FASACFifth Avenue South Action Committee (Florida)
References in periodicals archive ?
James Brown, an executive at Crowe Chizek and Company L.L.C., Indianapolis, and a Financial Accounting Standards Advisory Council member, says FASB should consider looking at treatment of company-owned life insurance asset amounts when a policy has redemption restrictions.
Noski is a member of Financial Executives International and the American Institute of Certified Public Accountants, and he's a past member of the Financial Accounting Standards Advisory Council (FASAC).
Swift, former chairman, president and CEO of Foster Wheeler Ltd., is the new chairman of the Financial Accounting Standards Advisory Council. The council advises FASB on technical issues relating to the board's agenda, project priorities and other matters.
But you can't do it in the private sector with the SEC calling the shots." Frank is very familiar with FASB operations, having served a term as a member of the Financial Accounting Standards Advisory Council (FASAC).
This was specifically mentioned by the Securities and Exchange Commission (SEC) in their report on off-balance-sheet accounting, and it's also been present in the items that our advisory council (FASAC, or Financial Accounting Standards Advisory Council) has indicated as one of the top five priorities for the board to take on to its agenda when available resources existed.
While serving on the commission, the Public Oversight Board, the Financial Accounting Standards Advisory Council (FASAC) and the AICPA board of directors, he substantially influenced the accounting profession and helped bring important regulatory innovations to the securities markets.
He comments that particularly among smaller companies and private companies, "there is a lack of knowledge about the concepts statements--what they say or don't say." Indeed, he says he is "very much an advocate of principles-based accounting, and you don't get there until you elevate the fundamentals on which the standards are based." Thrower chairs the Standards Subcommittee of FEI's Committee on Private Companies (CPC) and is a member of FASB's Financial Accounting Standards Advisory Council (FASAC).
A founding member of the Accounting Education Change Commission, O'Reilly also was a member of the SECPS executive committee and of the Financial Accounting Standards Advisory Council of the Financial Accounting Foundation.
For the fourth consecutive year, the Financial Accounting Standards Advisory Council (FASAC) of the Financial Accounting Standards Board (FASB) was queried about top priorities for the coming year.
Serving one-year terms on the Financial Accounting Standards Advisory Council are Lynn E.
He participates in the full committee meetings and provides views on the issues being discussed, and also offers briefings during regularly scheduled meetings of FASB's Small Business Advisory Committee, User Advisory Council and Financial Accounting Standards Advisory Council.)
"A subcommittee of the FAF or the Financial Accounting Standards Advisory Council with representatives from the various constituencies of the FASB might be an effective response to this concern," said Roy.
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