FASB Establishes Investors Technical Advisory Committee
January 2, 2007
On Jan. 2, 2007, the Financial Accounting Standards Board (FASB) announced it has established an Investors Technical Advisory Committee (“ITAC”). The ITAC is a new advisory committee, which joins the roster of FASB’s advisory committees including FASB’s User Advisory Committee (UAC), Financial Accounting Standards Advisory Committee (FASAC), Small Business Advisory Committee (SBAC) and Private Company Financial Reporting Committee.
According to FASB’s announcement, ITAC is “comprised of users of financial reports with strong technical accounting knowledge,” and will:
· serve as a standing resource for FASB in obtaining further user perspectives and insights on board projects;
· help the board identify urgent accounting and financial reporting issues;
· propose new items to be added to the Board’s agenda; and
· provide perspectives on the implementation of new standards.
The first meeting of FASB’s ITAC will be held January 11, and according to FASB, a portion of the meeting will be open to the public.
Members of FASB’s ITAC named January 2 include:
Neri Bukspan, Chief Accountant, Standard & Poor’s
Jack Ciesielski, President, R.G. Associates, Inc
Michael C. Gyure, Accounting Research Analyst, FTN Midwest Securities
Adam Hurwich, Managing Member, Calcine Management LLC
Mark C. LaMonte, Vice President - Senior Credit Officer, Moody’s Investors Service
Jeffrey P. Mahoney, General Counsel, Council of Institutional Investors
Rebecca McEnally, CFA Centre for Financial Market Integrity
Michael A. Moran, Global Investment Research, Portfolio Strategy/Accounting, Goldman, Sachs & Co.
Janet Pegg, Senior Managing Director, Accounting & Taxation Research, Bear Stearns & Co.
Marc A. Siegel, Global Director of Research, Center for Financial Research & Analysis
Lynn E. Turner, Managing Director of Research, Glass, Lewis & Co., LLC
Chad Yeftich, Senior Analyst, Maverick Capital, Ltd.