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FASB Forms New User Panel

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The Financial Accounting Standards Board has created an Investors Technical Advisory Committee.

FASB, Norwalk, Conn., already had a User Advisory Council and an Investor Task Force, but it says it added the new committee to get advice from financial report users who happen to have strong technical accounting knowledge.

The ITAC is starting with 12 members. None of the initial members appears to work for an insurance company or an insurance trade group.

FASB will hold an ITAC organizational meeting Jan. 11.

A portion of the organizational meeting will be open to public observation, FASB says.


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