FASB Names Three New Members to Its Small Business Advisory Committee

The Financial Accounting Standards Board (FASB) has added three new members to its Small Business Advisory Committee (SBAC), effective immediately.

The new members are:

• Mark Hamel, Principal, Assay Research, LLC
• Urooj Khan, Associate Professor, The University of Texas at Austin—McCombs School of Business
• Bob Ruckh, Managing Director, Alvarez & Marsal.

The SBAC serves as a standing resource for the FASB. Its role is to provide focused input and feedback from a small public company perspective, consider whether there are differences in perspectives for small public versus private companies, and assist the FASB and its staff on matters for which the FASB may seek guidance.

“The new SBAC members bring to the committee deep expertise from their respective vantage points—Mark as an investor, Urooj as an academic, and Bob as a transaction advisor,” stated FASB Chair Richard R. Jones. “We look forward to their input on group discussions that contribute to the FASB’s understanding of small public company financial reporting issues and how our standards can provide more useful information to their investors.”

For more information about the SBAC and its activities, visit www.fasb.org.