Rick Anderson, chairman of accounting firm Moss Adams LLP, has been named chairman of the blue ribbon panel that is being set up to address how U.S. accounting standards can best meet the needs of users of private company financial statements.
The panel, which was announced last month, will be a joint effort of the American Institute of CPAs, the Financial Accounting Foundation and the National Association of State Boards of Accountancy (see Panel to Deliberate on Private Company Standards).
Anderson currently serves on the FAF Board of Trustees. He was a member of the AICPA Council for three years, is the immediate past chair of the AICPA Major Firms Group, and has been involved with other professional committees. He joined Moss Adams in 1973, spending his career in the firms Seattle and Yakima offices providing audit and consulting services to manufacturing, agricultural, and food processing entities. He was appointed director of accounting and auditing in 1984, director of operations in 1993, became president and COO in 1999, and became chairman and CEO in 2004.
Other members of the panel have not yet been announced, but the panel is expected to represent a cross-section of financial reporting constituencies, including lenders, investors, and owners as well as preparers, auditors and regulators.
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