Typical Committee Member
Members of the committee are managers/directors of financial reporting, assistant controllers, managers/directors of corporate accounting and controllers.
Benefits of Committee Memebership
Committee members stay current on theoretical accounting issues and proposed changes. Because this committee drafts industry responses to these changes, they must understand the underlying theory to develop effective arguments in support of, or in opposition to those proposals. Although staying current on accounting issues is important, participants value the networking with their peers as much as the formal presentations. Affiliated with NASBA, AGA offers continuing professional education (CPE) for all meetings.
Products and Services
Task forces within this committee prepare position papers on accounting proposals of various regulatory bodies that are then sent to the Accounting Advisory Council for approval. The committee serves as a point of reference for member companies regarding proposed or recently implemented accounting proposals. The committee recommends individuals from member companies to testify in public hearings before accounting standard-setting bodies and prepares testimony for, and provides technical support to, the presenters of oral arguments.
Interaction with other AGA Committees/Outside Organizations
Works closely with the Accounting Advisory Council; maintains liaison with other AGA accounting committees and with similar committees of trade and professional associations.
Committee meets 2nd or 3rd week of August.