FASB and GASB Seek Two New Chairs
A search is underway to find new chairs for the Financial Accounting Standards Board (“FASB”) and the Governmental Accounting Standards Board (“GASB”). The Financial Accounting Foundation’s (“FAF”) Board of Trustees Appointments Committee is looking for candidates to replace FASB chairman Russell Golden and GASB chairman David Vaudt, whose terms conclude June 30, 2020.
FAF president and chief executive officer Teri Polley said the selected candidates will help determine the FASB and GASB’s future direction to improve financial accounting and reporting standards. Both chairs will serve one seven-year term on their respective boards.