Smith, Stevenson Named to PCFRC


  

 

James K. Smith, CFO of Phonon Corp. in Connecticut, and James Stevenson, CFO of ABS Capital Partners in Maryland, were named to the Private Company Financial Reporting Committee.

Smith has expertise as a preparer of financial statements and Stevenson as a reviewer.

Sponsored by FASB, with additional administrative support from the AICPA, the PCFRC represents nonpublic business entities and focuses on the costs and benefits of standard setting on technical activities and procedures. The committee is part of an effort by FASB and the AICPA to improve the standard-setting process to better meet the needs of privately held enterprises and the users of their financial statements.

Smith and Stevenson succeeded Kathy Barry and H. Marco Kichler, who completed their terms.

 

SPONSORED REPORT

Keeping client information safe in an age of scams and security threats

A look at the Dirty Dozen tax scams and ways to protect taxpayer information.

TAX PRACTICE CORNER

More R&D tax help

"Can I use the R&D credit?" PATH Act enhancements make the credit more attractive to a wider range of taxpayers.

QUIZ

Learn to choose between ‘who’ and ‘whom’

Writers can stumble over who and whom (or whoever and whomever). If you write for business, this quiz can help make your copy above reproach.