Thursday, October 22, 2009
The Financial Accounting Standards Board announced today that it will create a Non-for-Profit Advisory Committee of 12-15 people. The NAC will "provide an important discussion forum on critical issues and a key vehicle for hearing perspectives from the not-for-profit sector." In addition, the NAC will assist the FASB and its staff in communicating information to the not-for-sector. The FASB will begin accepting nominations in December.