Rebecca Bloch, PhD, accounting professor in the Charles F. Dolan School of Business at Fairfield University, has been appointed to the Financial Accounting Standards Board’s (FASB) Nonprofit Advisory Committee (NAC), a national advisory group that provides guidance on financial reporting standards for the not-for-profit sector.
Understanding the Role of FASB
The Financial Accounting Standards Board is the independent organization responsible for establishing financial accounting and reporting standards in the United States. Its work helps ensure consistency, transparency, and reliability in financial reporting across industries, including the nonprofit sector
Established in 2009, the NAC works closely with the FASB to provide perspectives from the not-for-profit sector, helping ensure financial standards reflect its unique needs and expectations for transparency.
Expertise That Drives Impact
Bloch’s appointment recognizes her expertise in accounting and her commitment to advancing best practices in financial reporting. Through her role on the NAC, Bloch will represent Fairfield University while contributing to discussions that help shape financial standards impacting a wide range of not-for-profit organizations, from educational institutions and healthcare systems to charitable foundations.
“I am honored to join the FASB’s Nonprofit Advisory Committee and look forward to contributing to its important work,” Bloch said.
