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.
- September 10-11, 2019
- November 5-6, 2019
- January 7-8, 2020
- March 3-4, 2020
- May 5-6, 2020
- 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
Kelly Ardrey Jr., Western Alliance Bank
Michelle Avery, Veris Consulting, Inc.
Lee Campbell, MetLife
Cathy Clarke, CliftonLarsonAllen
Mark Crowley, Deloitte & Touche
Sean Lager, Frazier and Deeter
Mark Northan, KPMG
Bill Schneider, AT&T
Rachel Simons, Ernst & Young
Jeff Sisk, Cummins Inc.
Dusty Stallings, PricewaterhouseCoopers
Lynne Triplett, Grant Thornton
Mike Winterscheidt, Scientific Games Corporation
Aleks Zabreyko, Connor Group