Objective: The Financial Reporting Executive Committee (FinREC) (formerly Accounting Standards Executive Committee) is the senior technical committee of the Institute for accounting and financial reporting. It is authorized to make public statements and advocate on behalf of the Institute on accounting and financial reporting matters without the clearance of either the Council or the board of directors of the Institute and to clear statements of other committees that include references to financial reporting positions.
The mission of FinREC is to determine the Institute's technical policies regarding financial reporting standards and to be the Institute's spokesbody on those matters, with the ultimate purpose of serving the public interest by improving financial reporting by providing implementation guidance.
Qualifications/requirements: Expert in GAAP financial reporting; partner level in accounting firm; director/controller/CFO level in company; academic; user of financial statements.
Meeting format: In-person when agenda justifies, otherwise conference calls.
Staff Liaisons: Dan Noll & Kim Kushmerick
Kimberly Kushmerick