FASB Names New Members to Its Small Business Advisory
Norwalk, CT, April 30, 2018—The Financial
Accounting Standards Board (FASB) today
announced the appointment of three new members to its Small Business Advisory
The SBAC serves as a standing resource for the FASB. Its role is to provide
focused input and feedback from a small public company perspective, considering
whether there are differences in that input for small public versus private
company perspectives, and assist the FASB and its staff on matters for which the
FASB may seek guidance.
The new members of the SBAC are:
“Scott Gray, Dominick Kerr, and Ryan
LaFond each brings to the SBAC valuable experience within the small business
sector as well as a commitment to improving financial reporting,” stated FASB
Chairman Russell G. Golden. “On behalf of the FASB, I am pleased to welcome them
to their new roles.”
- K. Scott Gray, senior vice president and chief financial officer, Luby’s, Inc.
- Dominick Kerr, director—global accounting practice, Connor Group
- Ryan LaFond, partner and deputy chief investment officer, Algert Global.
For more information about the SBAC and its
activities, visit http://www.fasb.org/.
the Financial Accounting Standards Board
Established in 1973,
the FASB is the independent, private-sector, not-for-profit organization based
in Norwalk, Connecticut, that establishes financial accounting and reporting
standards for public and private companies and not-for-profit organizations that
follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized
by the Securities and Exchange Commission as the designated accounting standard
setter for public companies. FASB standards are recognized as authoritative by
many other organizations, including state Boards of Accountancy and the American
Institute of CPAs (AICPA). The FASB develops and issues financial accounting
standards through a transparent and inclusive process intended to promote
financial reporting that provides useful information to investors and others who
use financial reports. The Financial Accounting Foundation (FAF) supports and
oversees the FASB. For more information, visit http://www.fasb.org/.