GlobalData
2 min read
The American Institute of CPAs (AICPA) has appointed Rahul Gupta as the chairman of its Financial Reporting Executive Committee (FinREC).
Based in Chicago, Gupta is an audit partner in Grant Thornton's National Office as well as a principal at Grant Thornton Advisors, where he assists teams and clients with complex accounting issues and develops thought leadership on accounting standards.
Gupta has been contributing to FinREC since May 2022 and is also a member of the AICPA's Digital Assets Working Group.
His prior experience includes a significant role at the Financial Accounting Standards Board (FASB) as a practice fellow and senior project manager, where he helped enhance U.S. GAAP with his technical knowledge and practical insights.
Gupta's role also involves liaising with key standard-setting bodies such as FASB, the International Accounting Standards Board (IASB), and the Securities and Exchange Commission (SEC).
FinREC outgoing chair and a managing director at Deloitte Mark Crowley said: “Rahul brings extensive experience and significant acumen in accounting standards to FinREC,”
“He has made substantial contributions as a volunteer on FinREC and other AICPA working groups and is an excellent choice to lead FinREC.”
AICPA’s director of accounting standards Kim Kushmerick said: “Having worked with Rahul for many years, we are fortunate to have someone with his knowledge and experience to chair FinREC.”
FinREC's mission is to articulate the AICPA's technical policies on financial reporting standards and act as its voice on these matters. The committee aims to serve the public interest by fostering improvements in financial reporting.
Earlier in May 2025, the AICPA announced the retirement of Carl Peterson, its vice-president for small firm interests, on 30 June 2025.
"AICPA appoints Rahul Gupta as chairman of FinRec" was originally created and published by The Accountant, a GlobalData owned brand.
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