Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
FASB To Have New Vice Chair As Of Sept. 1
WASHINGTON (7/25/13)--The Financial Accounting Standards Board (FASB) will have a new member and vice chairman as of Sept. 1.  The Financial Accounting Foundation (FAF), which oversees FASB,  announced Wednesday it has appointed James L. Kroeker, former chief accountant for the U.S. Securities and Exchange Commission,  for a term that will end June 30, 2018.
 
The FAF announcement notes that Kroeker will fill a vacancy created by the retirement on June 30 of former FASB Chairman Leslie F. Seidman.  It says that the dormant position of vice chair is being reinstated at this time because of "increasing demands on the time of the FASB chairman."
 
"Jim Kroeker is ideally suited to fill the new role of vice chairman at this important time in the FASB's history," said FAF Board of Trustees Chairman Jeffrey J. Diermeier.

"During his tenure as chief accountant, Jim demonstrated an unwavering concern for the interests of investors as well as those of preparers of financial statements. The combination of his deep technical expertise and his extensive experience working with a wide range of accounting constituents will make him an exceptionally able board member."
 
In April, Russell G. Golden was named new FASB chair as of July 1.


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
1 Day ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 Day ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
1 Day ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
1 Day ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
1 Day ago