- Advisory Groups››
- Small Business Advisory Committee (SBAC)
Small Business Advisory Committee (SBAC)
The FASB established the Small Business Advisory Committee (SBAC) in 2004 to obtain more active involvement by the small business community in the development of financial accounting and reporting standards. In 2016, the FASB shifted the primary focus of the SBAC to small public companies. The role of the SBAC is to:
The FASB is currently seeking nominations for the SBAC in 2021.
The SBAC plans to meet virtually on May 13, 2021.
The SBAC’s charter sets forth the purpose and responsibilities, the membership, and the operating procedures of the SBAC.
If you would like more information about the SBAC, please contact:
- 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
- Assist the FASB and its staff in their consideration of whether private company accommodations should be extended to others in the small business community (for example, banks and other small public companies)
- Advise on other matters for which the FASB may seek guidance.
Recent Activities
The FASB is currently seeking nominations for the SBAC in 2021.
The SBAC plans to meet virtually on May 13, 2021.
Additional Information
The SBAC’s charter sets forth the purpose and responsibilities, the membership, and the operating procedures of the SBAC.
If you would like more information about the SBAC, please contact:
Alicia A. Posta
Assistant Director
401 Merritt 7
P.O. Box 5116
Norwalk, CT 06856-5116
Phone: (203) 956-5207
Fax: (203) 849-9714
Email: aaposta@fasb.org
Assistant Director
401 Merritt 7
P.O. Box 5116
Norwalk, CT 06856-5116
Phone: (203) 956-5207
Fax: (203) 849-9714
Email: aaposta@fasb.org