Financial Services Industry
Industry: Email Alert RSS FeedFASB sets up User Advisory Council
Strategic Finance, March, 2003 by Stephen Barlas, Jim Chamberlain, Bob Randall, Curt Verschoor, Kathy Williams
To increase the investment community's participation in the accounting standards-setting process, the Financial Accounting Standards Board has established a User Advisory Council made up of 35 professionals representing a variety of investment and analytical disciplines.
The group will help the FASB raise awareness of how investors and investment professionals, equity and credit analysts, and rating agencies use financial information.
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Council members will serve as a resource to the Board in formulating its technical agenda and on specific projects the Board undertakes. According to the FASB, Council meetings will concentrate on major FASB projects that could significantly change financial information currently available to users.
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