Not-for-Profit Advisory Committee (NAC)
- Provide focused input and feedback relating to (a) the need for and relative priority of proposed projects, (b) conceptual and practical implications of proposals under development in active projects, (c) practice issues, including implementation issues arising from new standards and potential areas for improvement pertinent to the NFP sector, and (d) longer-term issues important to the NFP sector.
- Assist the FASB and its staff with communication and outreach activities to the NFP sector on recent standards and other existing guidance, current and proposed projects, and longer-term issues. NAC members are encouraged to communicate with the NFP sector, both to educate the sector about the roles of the FASB and the NAC and to encourage the sector to communicate with the FASB on financial reporting matters.
- Advise on other matters for which the FASB may seek guidance.
Recent Committee Activities
The NAC's charter sets forth the purpose and responsibilities, the membership, and the operating procedures of the NAC.
If you would like more information about the NAC, please contact:
Jeffrey D. Mechanick, Assistant Director—Nonpublic Entities
- FASB Not-for-Profit Advisory Committee
401 Merritt 7
P.O. Box 5116
Norwalk, CT 06856-5116
Phone: (203) 956-5301
Fax: (203) 849-9714