AICPA names new FinREC chairman

The AICPA named Grant Thornton partner Rahul Gupta, CPA, CA (India), as chairman of its Financial Reporting Executive Committee (FinREC), a key volunteer panel that serves as the AICPA’s official voice on financial reporting matters and develops nonauthoritative guidance on a range of accounting topics.

Gupta is an audit partner in Grant Thornton LLP’s national office and a principal at Grant Thornton Advisors LLC, where he assists engagement teams and clients in resolving complex technical accounting issues. He also develops the firm’s thought leadership on accounting standards and financial reporting, including work with FASB, the IASB, and the SEC.

“Rahul brings extensive experience and significant acumen in accounting standards to FinREC,” Mark Crowley, CPA, FinREC’s outgoing chair and a managing director at Deloitte, said in a news release. “He has made substantial contributions as a volunteer on FinREC and other AICPA working groups and is an excellent choice to lead FinREC.”

Gupta has been a member of FinREC since May 2022 and serves on the AICPA’s Digital Assets Working Group. He has previously served as a practice fellow and senior project manager at FASB, where he provided technical depth and practical insight to assist the standard-setting body in improving U.S. GAAP.

“Having worked with Rahul for many years, we are fortunate to have someone with his knowledge and experience to chair FinREC,” Kim Kushmerick, CPA, CGMA, the AICPA’s director–Accounting Standards, said in the release.

— To comment on this article or to suggest an idea for another article, contact Kevin Brewer at Kevin.Brewer@aicpa-cima.com.