U.S. Chamber's David Hirschmann Appointed to Financial Reporting Blue Ribbon Panel

WASHINGTON, D.C.—The American Institute of Certified Public Accountants (AICPA), the Financial Accounting Foundation (FAF), and the National Association of State Boards of Accountancy today announced the appointment of David Hirschmann, president and CEO of the Chamber's Center for Capital Markets Competitiveness (CCMC) to the AICPA/FAF/NASBA Blue Ribbon Panel on Private Company Financial Reporting.

"I look forward to contributing to the panel and helping recommend how to best set standards for private companies" said Hirschmann. "Private companies are among the most important job creators in the American economy. Together we will examine how these companies can best report their finances, and bring about a more robust and efficient system."

As president and CEO of the U.S. Chamber of Commerce CCMC, Hirschmann leads the Chamber's initiative dedicated to making U.S. capital markets the most fair, efficient, transparent, and attractive in the world. This effort addresses domestic and international securities regulation and enforcement and financial reporting issues, including accounting and proxy rules.

Member experts of the AICPA/FAF/NASBA Blue Ribbon Panel represent a diverse group of professionals responsible for financial reporting, including business owners, bank lenders, and investors as well as accountants, auditors, and government regulators.

Since its inception three years ago, the Center for Capital Markets Competitiveness has led a bipartisan effort to modernize and strengthen the outmoded regulatory systems that have governed our capital markets. The CCMC is committed to working aggressively with the administration, Congress, and global leaders to implement reforms to strengthen the economy, restore investor confidence, and ensure well-functioning capital markets.

The U.S. Chamber of Commerce is the world's largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.

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