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Established to support NACUBO’s accounting guidance and advocacy efforts, the Accounting Principles Council (APC) consists of volunteer representatives from member institutions. The volunteers are accounting and finance professionals knowledgeable in matters such as financial accounting standards and external financial reporting (FASB and GASB), managerial accounting and reporting, and financial analysis. The APC serves as an advisory body to and is appointed by the President of NACUBO.

Members of the APC serve on various project teams and standing committees, including: Following activities of the Financial Accounting Standards Board and Governmental Accounting Standards Board; Audit Issues and Internal Controls; and Regulatory and Compliance Issues.

Past and notable projects include: Higher Education's Blank Slate Reporting Project; Endowment Accounting Issues; Financial Responsibility and the Department of Education, GASB/FASB Differences; Sarbanes-Oxley Guidance; Preparing for an Audit; Developing an Operating Measure for Independent Institutions; Benchmarking; Interim Financial Reporting; GASB/NASACT Committee; and Audit Issues.


2021 Council Members

Robert Kuehler – Chair
Associate Vice President and University Controller
University of Colorado

Kelli Hudson Perry – Vice Chair
Assistant Vice President for Finance and Controller
Rensselaer Polytechnic Institute

Sharon Heinle – Past Chair
Associate Vice President and Controller
George Mason University
NACUBO representative – AICPA NFP Expert Panel

Terri Albertson
Assistant Vice President of Finance and Controller
Haverford College

Shea Bryant
Manager, Financial Analysis and Reporting
Michigan State Universit

Russell DiLeo
University Comptroller
University of Pennsylvania

Teresa Edwards
Texas A&M University System

Tom Ewing
Associate Controller and Director, Financial Reporting.
The Ohio State University

Chad Greenwell
Associate Controller
University of Michigan

Russ Hannah
Senior Associate Vice Chancellor for Finance / Associate Chief Financial Officer
Arkansas State University

Jamie Houghtaling
Stevens Institute of Technology

Anita Kovacs
Vice President for Business Affairs
Pensacola State College

James Ponce
Associate Vice President, Internal Audit
Wake Forest University

Karen Sodoma
Associate Controller
Cornell University

Kerri Tricarico
University Controller and Sr. Assoc. VP Financial Operations
New York University

Shannon Turner
Associate Vice Chancellor and Controller
University of California, San Francisco


Staff Liaison

Sue Menditto
Director, Accounting Policy


Experts and Advisors

GASB Matters

Brian Caputo
President and GASB Board Member
College of DuPage

GASB Revenue and Expense Project

Mary L. Fischer (AAA)
Professor of Accounting
University of Texas at Tyler

Technical Advisor

Mary Wheeler
FARM Author and Project Consultant


Sue Menditto

Senior Director, Accounting Policy


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