The American Institute of Certified Public Accountants, the Financial Accounting Foundation, and the National Association of State Boards of Accountancy has named Rick Anderson as chairman of the “blue-ribbon panel” established to address how U.S. accounting standards can best meet the needs of users of private-company financial statements.

Anderson, chairman of Moss Adams, currently serves on the FAF Board of Trustees. He was a member of the AICPA council for three years, is the immediate past chair of the AICPA Major Firms Group, and has been involved with other professional committees. He joined Moss Adams in 1973, spending his career in the firm’s Seattle and Yakima offices providing audit and consulting services to manufacturing, agricultural, and food processing entities. He was appointed director of accounting and auditing in 1984 and director of operations in 1993, became president and chief operating officer in 1999, and became chairman and CEO in 2004.

Members of the panel will represent a cross-section of financial reporting constituencies, including lenders, investors, and owners as well as preparers, auditors, and regulators. Further details on the composition of the panel will be announced shortly.