Media Advisory 06/10/21

Financial Accounting Foundation Names Adam Roark to the Private Company Council

Norwalk, CT—June 10, 2021—The Board of Trustees of the Financial Accounting Foundation (FAF) has appointed Adam Roark to the Private Company Council (PCC), effective June 1, 2021. Mr. Roark replaces former PCC member Richard Reisig, who was appointed as a FAF Trustee in January of this year. Mr. Roark’s first term on the PCC extends to December 31, 2024, when he is eligible for reappointment to a second, standard-length term of three years.

Mr. Roark is director of the Assurance Innovation and Methodology Group of Dixon Hughes Goodman LLP (DHG), a professional services firm based in North Carolina. In this role, he works alongside the firm’s Professional Standards Group, serving as a technical resource on auditing and accounting matters. Over the course of his career, Mr. Roark has provided assurance services to private companies and other nonpublic organizations and is a passionate advocate for their needs within the profession.

“We are pleased to welcome Adam Roark to the PCC,’” said Kathleen L. Casey, chair of the FAF Board of Trustees. “Adam has experience providing assurance services to a variety of industries, including a wide range of private company clients, nonprofit organizations, and portfolio companies of private equity groups. He brings yet another diverse point of view to PCC discussions as part of the group’s mission to advise the Financial Accounting Standards Board (FASB) on how to better serve private company stakeholders.”

The PCC, which can comprise 9 to 12 members, currently consists of 11 members from financial statement user, preparer, and practitioner backgrounds. FASB member Susan M. Cosper serves as the FASB’s official liaison with the PCC and attends all PCC meetings.

More information on the PCC can be found on its website.