Andrea Wright Appointed to FASB Not-for-Profit Advisory Committee

Johnson Lambert Partner Andrea Wright has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC), effective January 1, 2020.

The NAC, formed in October 2009, is a standing committee that, according to its charter “is expected to work closely with the FASB in an advisory capacity to ensure that perspectives from the not-for-profit (NFP) sector are effectively communicated to the FASB on a timely basis in connection with the development of financial accounting and reporting standards.” It comprises 15 to 20 members who “demonstrate a keen interest in and knowledge of financial accounting and reporting matters, experience working within the NFP sector, a commitment to improving financial reporting for users of financial statements, and the ability to provide input on a wide variety of financial reporting matters.”

“We are proud to have Andrea representing Johnson Lambert at the highest level of our profession. I am confident that her knowledge and perspective will make her a great contributor to the NAC throughout her four-year term,” Managing Partner John Prescott commented.

Andrea Wright has been serving the not-for-profit sector for over twenty years. She has previously held positions within AICPA subcommittees, task forces, and expert panels as well as with the Illinois CPA Society. Additionally, she has brought her experience and passion to various nonprofit boards including Association Forum, African American Legacy Fund of the Chicago Community Trust, and more.