FASB Announces Creation of Non-for-Profit Advisory Committee

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.