The Financial Accounting Foundation (FAF) Board of Trustees has reappointed two members to the Private Company Council (PCC).
Michael Cheng and Katina Curtis will both serve a second three-year term, commencing on 1 January 2026 and concluding on 31 December 2028.
Cheng, a national professional practice partner at Frazier & Deeter in Atlanta, Georgia, is responsible for overseeing the firm’s technical accounting and advisory services.
He focuses on assisting clients with complex financial reporting challenges, such as revenue recognition and lease accounting.
Curtis, an audit partner at Grant Thornton and the market managing partner for the Salt Lake City area, has worked with both public and private clients.
Her background includes work with large family-owned businesses and private equity portfolio companies across various industries.
FAF Board of Trustees chair Edward Bernard said: “Michael and Katina, both have brought their unique perspective and voice to their roles on the PCC.
“The Trustees look forward to their continued participation and contributions to the PCC.”
FASB member and PCC liaison Susan Cosper said: “The keen insights and valuable perspectives Michael and Katina bring are vital to the work the PCC does advising the FASB to ensure our standards continue to meet the needs of private company stakeholders.
“I look forward to continuing to work with them both.”
The PCC plays an advisory role to the Financial Accounting Standards Board (FASB).
It also suggests possible alternatives within Generally Accepted Accounting Principles (GAAP) to better meet the needs of users of private company financial statements.
The council is composed of 12 members with diverse backgrounds including financial statement users, preparers, academics, and practitioners.
Earlier in 2025, the FAF Board of Trustees sought nominations for several key leadership positions.
These positions included the chair and members of the Board of Trustees, the executive director of FAF, a member of the FASB, and the chair of the Financial Accounting Standards Advisory Council.
