Financial Accounting Foundation Appoints New Members to the Financial Accounting Standards Advisory Council

The Board of Trustees of the Financial Accounting Foundation (FAF) have announced the appointment of ten new members to the Financial Accounting Standards Advisory Council (FASAC). The FASAC is responsible for advising the Financial Accounting Standards Board (FASB) on technical issues, project priorities, and other matters that affect standard-setting.

Members of the FASAC are chosen from a broad cross-section of the FASB’s constituencies, including preparers, users, practitioners, associations, academics and others interested or involved in financial reporting. They are selected based on their professional expertise and in consideration of the need to bring a wide variety of constituent views to the table. The following new members will begin their term on the FASAC effective 1 January 2010:

User (Investor) Community
  • Neri Bukspan, chief quality officer & chief accountant, Standard & Poor’s.
  • Jeremy Perler, co-head, CFRA accounting research, RiskMetrics.
  • Allen Puwalski, senior vice president, Paulson & Company.
  • Richard Ramsden, managing director, Goldman Sachs & Co.
Preparer (Corporate) Community
  • John Gerspach, chief financial officer, Citigroup.
  • Ann Marie Petach, managing director and CFO, BlackRock.
Practitioner (Audit) Community
  • John (Arch) Archambault, national managing partner of professional standards, Grant Thornton.
  • Kenneth Marshall, partner, Americas IFRS Markets Leader, Ernst & Young.
Academics and Associations
  • Kathy Petroni, Deloitte/Michael Licata Professor of Accounting, Michigan State University.
  • Marie Hollein, president and chief executive officer, Financial Executives International.


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