As a member of the NAC, Clarke will share perspectives from the nonprofit sector to FASB regarding financial accounting and reporting standards.
Minneapolis — February 11, 2016 — Cathy Clarke, chief assurance officer for CliftonLarsonAllen, has been appointed to a four-year term on the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC).
Clarke will be part of a team that shares its views and experience with FASB on matters related to nonprofit projects on the board’s agenda, new agenda items, practice and implementation of new standards, and strategic matters.
“As a committee member I’ll be able to share how FASB standards are landing with the nonprofit sector, shape the standards affecting exempt organizations in the future, and help our nonprofit colleagues understand what’s coming down the road,” says Clarke.
Established in 2009, the NAC consists of 15 to 20 members who demonstrate a keen interest in and knowledge of financial accounting and reporting matters, have experience working with nonprofit organizations, are committed to improving financial reporting for users of financial statements, and have the ability to provide input on a wide variety of financial reporting matters. The committee also assists FASB with external communication and outreach activities, and encourages comments and input on FASB financial reporting matters.
Clarke will kick off her four-year term with meetings on March 6 and 7 in Norwalk, Connecticut.
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