BYU School of Accountancy Chair Appointed to FASAC

PROVO, Utah – Feb 05, 2014 – The Financial Accounting Foundation recently appointed Brigham Young University School of Accountancy Chair Jeff Wilks to serve on the Financial Accounting Standards Advisory Council. As a member of the council, Wilks will advise the Financial Accounting Standards Board as they establish the generally accepted accounting principles for all companies across the United States.

During his anticipated four-year term, Wilks will meet quarterly with the council as one of two academics among CFOs, partners of national firms, and business and government leaders.

“I am honored to be part of the FASAC and to help them improve financial reporting standards,” Wilks said. “Good financial reporting helps people decide  where to invest, and we’re trying to improve the standards that make that happen.”

The FASAC is an arm of the Financial Accounting Foundation, which operates privately to ensure the integrity of financial accounting and reporting. Wilks previously worked with the Foundation as a project manager presenting research findings and recommendations to the FASB. Wilks has also worked as a technical adviser to the International Accounting Standards Board.

Since joining the Marriott School in 2000, Wilks has consistently been recognized for his achievements in research and teaching. In 2011 he received the Marriott School Outstanding Teaching Award, and he currently holds the school’s Ernst & Young professorship.

“The selection of Professor Wilks for the FASAC is an outstanding choice,” says Steve Glover, Marriott School associate dean. “Jeff is an excellent collaborator who lifts the effectiveness of his team's judgments and has an uncanny ability to appropriately and quickly connect the dots in very complex areas.”

The Marriott School is located at Brigham Young University, the largest privately owned, church-sponsored university in the United States. The school has nationally recognized programs in accounting, business management, public management, information systems and entrepreneurship. The school’s mission is to prepare men and women of faith, character and professional ability for positions of leadership throughout the world. Approximately 3,000 students are enrolled in the Marriott School’s graduate and undergraduate programs.