John R. Burzenski, president and managing officer of Burzenski & Co. PC, in East Haven, Conn., and Steven A. Shelton, president and managing partner at Way, Ray, Shelton and Co. PC, in Tuscaloosa, Ala., were named to the Private Company Financial Reporting Committee.
The PCFRC is a FASB committee that receives administrative support from the AICPA and is part of a joint standard-setting improvement effort by FASB and the AICPA. Burzenski and Shelton replace Carl Bagge and Carisa Wisniewski, whose two-year terms ended.
Burzenski works with business owners to compile financial information, to review operations and compare them to industry standards, to assess industry-specific software, to consult about business transition and to prepare business plans. He served as chair of the AICPA Peer Review Board and the Connecticut Society of CPAs’ Peer Review Committee. He also co-authored Reference Book for Bankers and Other Credit Grantors of Financial Statements, a CSCPA publication.
Shelton’s practice focuses on private for-profit companies, with an emphasis on audits, reviews and compilations of financial statements, mergers and acquisitions and corporate equity and financing. He served as president, vice president and secretary-treasurer of the Tuscaloosa Chapter of the Alabama Society of CPAs and INPACT Americas, a nonprofit association of 35 North American accounting firms focused on the profitability and growth of its member firms.