November 25, 2013
The Board of Trustees of the Financial Accounting Foundation (FAF) has appointed 10 new members to the Financial Accounting Standards Advisory Council (FASAC). The FASAC is responsible for advising the Financial Accounting Standards Board (FASB) on strategic issues, project priorities, and other matters that affect accounting standard setting. The new members will serve a one-year term beginning January 1, 2014, and are eligible to be reappointed for three additional one-year terms.
Among the new members is Colleen Conrad, CPA, Executive Vice President and Chief Operating Officer at NASBA.
Members of the FASAC are chosen from a cross-section of the FASB’s stakeholders, including users, preparers, practitioners, association members, academics, and other parties interested in the integrity of full and complete financial reporting and disclosure.
“The 10 new FASAC members represent a diverse group of professionals who possess a wealth of experience in their respective fields of financial reporting,” stated FAF President and Chief Executive Officer Teresa S. Polley. “They undoubtedly will add fresh perspectives to FASAC discussions, which are essential in providing the FASB with valuable input into its mission to develop accounting standards that bring greater transparency and integrity to financial reporting.”
Conrad brings over 25 years of accounting expertise and leadership to the Council. As a former Partner in the regional CPA firm of RubinBrown LLP, she practiced in the firm’s Real Estate Services Group, providing real estate attest, tax and consulting services to clients nationwide. Her wide-ranging consulting expertise included forecasts and projections, business planning, acquisition and disposition of business interests, financing, loan workouts and restructuring, and operational reviews.
From 1997 to 2007, Conrad served on the Missouri Board of Accountancy, with two terms as chair. She is also a member of the Missouri Society of CPAs and past president and member of the St. Louis Society of Women CPAs.
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