The FASB on Nov. 4, 2020, said it tapped Baker Tilly US, LLP Audit Partner James Rotherham to serve on its Small Business Advisory Committee (SBAC), the panel that advises the board on small public company financial reporting matters.

Rotherham works out of the company’s San Diego, California office.

“James Rotherham brings to his role with the SBAC more than 30 years of experience in accounting and finance working with smaller and medium-sized businesses,” FASB Chair Richard Jones said in a statement. “On behalf of the FASB, I am pleased to welcome him to the committee and look forward to his contributions to SBAC discussions aimed at continuing to help the FASB understand financial reporting issues faced by small public companies.”

The SBAC comprises 18 members from various backgrounds. It was established in 2016.

The role of the SBAC is to provide the FASB with focused input and feedback from a small public company perspective, considering whether there are differences in that input for small public versus private company perspectives, according to a board summary.

The panel also assists the board in its consideration of whether private company accommodations should be extended to others in the small business community (for example, banks and other small public companies).

For more information on this topic, or to learn how Baker Tilly SEC accounting specialists can help, contact our team.

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