🎉New Appointment to Private Company Council

Acclara AI•December 3, 2025

The Financial Accounting Foundation has named Wim Schaffers to the Private Company Council starting January 2026. Schaffers, with a robust background in finance and accounting, promises to bring valuable insights to the council.

Audio content: New Appointment to Private Company Council

Download audio

Key Points

•📅 Mark Your Calendar: Schaffers' term begins January 1, 2026
•💼 Experience Matters: Schaffers is the CFO of Olé Insurance Group
•🌎 Global Impact: Olé Insurance Group serves the Latam market
•🔄 Reappointment: Eligible for another term post-2028
•📈 Expertise: Extensive background in financial reporting and consulting

🔍 Who is Wim Schaffers?

Wim Schaffers currently holds the position of Chief Financial Officer at Olé Insurance Group, based in Miami, Florida. The company is known for its innovative digital solutions in the life and health insurance sector, specifically targeting the Latam market. At Olé, Schaffers oversees accounting, finance, investment management, product projections and pricing models, reinsurance negotiations, and onshore expansion models.

🏆 Schaffers' Career Highlights

Before his tenure at Olé Insurance Group, Schaffers was a partner at EY, where he provided assurance and consulting services to both public and private companies. His resume boasts an 8-year stint on the Alabama State Board of Public Accountancy and his current role as the Southeast Regional Director and Audit Committee Chair of the National Association of State Boards of Accountancy (NASBA). Schaffers is a Certified Public Accountant licensed in Florida and Alabama, and a member of both the American Institute of Certified Public Accountants (AICPA) and the Alabama Society of Certified Public Accountants.

🎤 Voices of Approval

"Wim Schaffers brings valuable financial reporting experience to the PCC," said Edward C. Bernard, chair of the FAF Board of Trustees. "The Trustees extend a warm welcome to him and anticipate his valuable contributions to the Council’s discussions with the FASB."

FASB Member and PCC Liaison Susan M. Cosper added, "With his extensive experience in financial reporting and process and procedural development, Wim will offer valuable viewpoints to PCC discussions. The FASB is pleased to welcome him to the PCC and looks forward to his insights on standard-setting topics that affect our private company stakeholders."

📊 The Role of the PCC

The PCC advises the FASB on the appropriate accounting treatment for private companies for items under active consideration on the FASB’s agenda. Additionally, the PCC suggests possible alternatives within Generally Accepted Accounting Principles (GAAP) to cater to the needs of private company financial statement users. The council is composed of members from various backgrounds, including financial statement users, preparers, academics, and practitioners.