Regulatory AffiliationsDuff & Phelps' professionals are involved in shaping and implementing policy and regulations that impact our clients. American Institute of Certified Public Accountants (AICPA)David Larsen is a member of the AICPA NAV Task Force and Greg Franceschi was appointed co-chair of the AICPA's Impairment Task Force. The Appraisal FoundationPaul Barnes is a regular contributor to the working group series convened to develop best practices in valuations performed for financial reporting purposes. The Appraisal and the International Valuations Standards CommitteeDuff & Phelps is involved in this joint effort to develop valuation standards for financial reporting purposes. Financial Accounting Standards Board (FASB) Valuation Resource GroupDavid Larsen and Paul Barnes have played a longstanding role as advisors to the FASB on valuation-related standards and implementation issues. International Private Equity & Venture Capital Valuation (IPEV)David Larsen is this organization's first board representative from the U.S. The IPEV board monitors market practices in the use of the International Private Equity and Venture Capital Valuation Guidelines. International Valuation Standards Council (IVSC)IVSC appointed Marianna Todorova to the International Valuation Professional Board. Managed Funds AssociationDuff & Phelps is a sustaining member of the Managed Funds Association, the largest hedge fund organization in the U.S. Private Equity Industry Guidelines Group (PEIGG)David Larsen is a board member of the PEIGG and was the principal drafter of the U.S. Private Equity Valuation Guidelines. David is also a technical advisor to PEIGG and PEIGG's Valuation Subcommittee.U.S. Securities and Exchange Commission (SEC)David Larsen served as panelist for the SEC's mark-to-market accounting roundtable. U.S. Securities and Exchange Commission (SEC) Office of the Chief AccountantJouky Chang served as a professional accounting fellow from 2010-2012.