Charlotte, N.C., June 10, 2021 – Dixon Hughes Goodman (DHG), a U.S. top 20 professional services firm, is pleased to announce Adam Roark, Assurance Innovation and Methodology Director, has been appointed to the Private Company Council (PCC) by the Board of Trustees of the Financial Accounting Foundation (FAF). Adam will serve on the council effective June 1, 2021, and continuing for an initial term through December 31, 2024.
The PCC is the primary advisory body to the Financial Accounting Standards Board (FASB) on private company matters. In this role, Adam will help the PCC address the needs of private companies by assessing accounting and financial standards. DHG is very proud to support Adam’s valuable work with the PCC as part of the firm’s commitment to advancing the financial reporting objectives of private companies.
“We are extremely proud and excited about Adam’s appointment to the PCC. This council plays an integral role in the accounting standard setting process for private companies and impacts many decisions that ultimately affect our clients. I cannot think of a more worthy person; Adam’s experience, knowledge and passion for championing the financial reporting needs of private companies positions him for great success,” said Will Neeriemer, Managing Partner, Professional Standards Group – Assurance.
Adam leads DHG's Assurance Innovation and Methodology Group, which is responsible for the development, maintenance, and improvement of DHG’s assurance methodology and processes. In this role, he works as a member of the firm’s Professional Standards Group to serve as a technical resource on auditing and accounting matters. Over the course of his career, Adam has worked in providing assurance services to public and non-public entities and is passionate about advocating for the needs of these entities within the profession.
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About the Private Company Council (PCC)
The PCC is the primary advisory body to the FASB on private company matters. The PCC uses the Private Company Decision-Making Framework to advise the FASB on the appropriate accounting treatment for private companies for items under active consideration on the FASB’s technical agenda. The PCC also advises the FASB on possible alternatives within GAAP to address the needs of users of private company financial statements. Any proposed changes to GAAP are subject to endorsement by the FASB.