NORWALK, Conn.--(BUSINESS WIRE)--The Board of Trustees of the Financial Accounting Foundation (FAF)
today announced the search for new chairs of the Financial Accounting
Standards Board (FASB) and the Governmental Accounting Standards Board
Both the current FASB Chairman, Russell
G. Golden, and the current GASB Chairman, David
A. Vaudt, will conclude their terms on June 30, 2020. To find their
successors, the FAF Board of Trustees Appointments Committee is
commencing the search for candidates with varied backgrounds and
experience from diverse talent pools.
Ideal candidates for the FASB and the GASB chair positions should
possess these critical competencies for success in each role:
Commitment and passion for the Board’s mission. This includes an
appreciation for the importance of independent standard setting for
financial accounting and reporting, concern for the public interest,
and an understanding of the varying interests and perspectives of
users of financial information, preparers, and auditors of financial
Strong knowledge and technical competency in financial accounting and
Collaborative leadership and communication skills. An inspiring and
pragmatic leader will command respect, instill confidence, and help
lead organizational change in a consensus-driven organization.
Candidates for both positions should also possess additional skills and
experiences relevant to the unique roles. The FASB and GASB Chairs will
each serve for a single seven-year term.
More information on the FASB Chair and GASB Chair positions, including
be found here.
For more information on the FAF’s recruitment process, including a
brief video about the FASB and GASB Chair searches, visit the
About the Financial Accounting Foundation
Established in 1972, the Financial Accounting Foundation (FAF) is the
independent, private-sector, not-for-profit organization based in
Norwalk, Connecticut responsible for the oversight, administration,
financing, and appointment of the Financial
Accounting Standards Board (FASB) and the Governmental
Accounting Standards Board (GASB). The FASB and GASB establish and
improve financial accounting and reporting standards—known as Generally
Accepted Accounting Principles, or GAAP—for public and private
companies, not-for-profit organizations, and state and local governments
in the United States. For more information, visit www.accountingfoundation.org.
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