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.

 

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.