Legislative and Regulatory Update | FASB and GASB Rules and Guidelines

Principles and Practices Board

Legislative and Regulatory Update | FASB and GASB Rules and Guidelines

Principles and Practices Board

Liaison with standards-setting bodies

The P&P Board works with the AICPA, the Financial Accounting Standards Board, and the Governmental Accounting Standards Board to address the unique financial reporting needs of healthcare organizations and improve consistency in accounting and financial reporting among different ownership types.

Position statements & issue analyses

Prior to issuance, a proposed position statement follows an extensive "due process." An exposure draft is released for public comment for at least 60 days. These comments are analyzed and reviewed by the P&P Board. The P&P Board also releases issue analyses, which provide short-term assistance by assembling current literature on emerging issues. An issue analysis is not sent out for public comment.

Access P&P Board position statements and issue analyses.  

To contact the P&P Board, or for further information, please call HFMA's Washington D.C., office at (202) 296-2920.

2019-2020 P&P Board members

Standing, left to right: Kevin Holloran, Anthony P. Frank, David Wiessel, Kimberly K. McKay, Mark J. Ross, Brian D. Green

Seated, left to right: Dawn M. Stark, Norman C. Mosrie, Julie N. Norton

Not pictured: Colleen M. Blye, Timothy R. Weld Jr., Kurt J. Wrobel

Norman C. Mosrie, FHFMA, CPA, Chair
Partner
DHG LLP
Charleston, W. Va.

Colleen M. Blye, CPA
Executive Vice President, CFO
Montefiore Health System
Bronx, N.Y.

Anthony P. Frank, CPA
VP, Financial Operations
Banner Health
Phoenix, Ariz.

Brian D. Green, FHFMA, CPA
Partner
Seim Johnson LLP
Elkhorn, Neb.

Kevin Holloran
Senior Director
Fitch Ratings
Austin, Texas

Kimberly K. McKay, CPA
Managing Partner
BKD LLP
Houston, Texas

Julie N. Norton, CPA
Vice President, Operational Finance
Avera
Sioux Falls, S.D.

Dawn M. Stark, CPA, CHFP
Partner, Healthcare Technical Leader
Plante Moran
Columbus, Ohio

Mark J. Ross, CPA
Partner and Firm Leader - Healthcare Practice
Baker Tilly Virchow Krause LLP
Wilkes Barre, Pa.

Timothy R. Weld Jr., CPA
Partner
PricewaterhouseCoopers LLP
New York, N.Y.

David J. Wiessel
Partner, Assurance Services
Ernst & Young LLP
Iselin, N.J.

Kurt Wrobel, FSA, MAAA
CFO & Chief Actuary
Geisinger Health System
Danville, Pa.

Advertisements

Related Articles | FASB and GASB Rules and Guidelines

Blog | FASB and GASB Rules and Guidelines

Analysis: Health systems likely to continue to issue bonds at a feverish pace

Health systems are likely to continue to issue bonds right now for two reasons, including taxable and tax-exempt interest rates that are too good to miss.

How To | FASB and GASB Rules and Guidelines

An 8-step checklist to help CFOs assess accounting alternatives

Finance leaders of not-for-profit healthcare organizations should follow eight steps when considering whether to adopt the accounting alternatives made available to their organizations by the FASB's Accounting Standards Update 2019-16.

Article | FASB and GASB Rules and Guidelines

Not-for-profit healthcare organizations should understand the benefits and risks of FASB's new alternative accounting approach

A FASB Financial Accounting Standards Update now allows not-for-profit healthcare entities to adopt an accounting alternative previously available only to non-public business entities, but the not-for-profits may find it more beneficial not to do so.

How To | FASB and GASB Rules and Guidelines

Acquisition accounting basics to consider

The FASB’'s Accounting Standards Codification Topic 850, Business Combinations, states that such combinations generally involve five basic steps.