The Financial Reporting Executive Committee (FinREC), formerly known as the Accounting Standards Executive Committee (AcSEC), is a senior committee of the Institute for financial reporting. It is authorized to make public statements on behalf of the Institute on 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.
Meetings are open to the public except for sessions dealing with administrative or confidential matters, which are not open to the public. FinREC currently does not post meeting agendas or highlights.
Access FinREC positions to understand positions taken on accounting and financial reporting issues important to you.
- July 14-15, 2020
- September 22-23, 2020
- November 17-18, 2020
FinREC monitors and influences the form and content of pronouncements of bodies having authority over accounting and financial reporting standards, including FASB, FASAB, GASB, and the IASB, among others.
Members of FinREC
Angela Newell, Chair - BDO
Paul Balynsky - Valuation Research
Lee Campbell - MetLife Building
Mark Crowley - Deloitte & Touche LLP
Melinda Henbest - Boeing Company
Sean Lager - Frazier Deeter
Mark Northan - KPMG
Alexander Sannella - Rutgers Business School
Bill Schneider - AT&T
Rachel Simons - Ernst & Young LLP
Ryan Siurek - Vail Resorts
Dusty Stallings - PWC
Lynne Triplett - Grant Thornton LLP
Jacob Vossen - Moss Adams LLP
Michael Winterscheidt - Scientific Games Corp
Aleks Zabreyko - Connor Group