Norwalk, Conn. (March 22, 2004) -- To help drive greater participation by the small business segment in developing accounting standards, the Financial Accounting Standards Board has formed a Small Business Advisory Committee.


The 24-member group is comprised of lenders, investors, analysts, controllers, chief financial officers and auditors from the small business sector.


FASB said board member George J. Batavick helped organize the committee. The SBAC will serve as a resource for the nation’s accounting standard-setter by providing input on accounting issues that come before the board.


“This is a way of deepening the relationship and our reach to the small business community,” said a FASB spokesperson. The new committee’s inaugural meeting is slated for May at FASB’s headquarters here.


-- WebCPA staff


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