The Board of Trustees of the Financial Accounting Foundation (FAF) in the US has initiated a search for a new member of the Governmental Accounting Standards Board (GASB).
The FAF, which appoints members to both the GASB and the Governmental Accounting Standards Advisory Council (GASAC), is seeking to fill a seat on the seven-member, part-time board.
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The vacancy will arise on 1 July 2027 following the end of Kristopher Knight’s second term on 30 June.
Trustees are looking for a candidate with extensive experience either in preparing state government financial statements or as a public accountant focused on state and local government accounting and auditing.
Applicants must also demonstrate “a track record of professional conduct” suitable for standard-setting among others, the FAF said in a statement.
The GASB is currently made up of members with backgrounds in state and local government financial reporting and auditing, a governmental financial statement user, a public accounting auditor and an academic in governmental accounting.
The FAF stated: “The background and perspective of both a state preparer of financial statements and a public accountant with a practice emphasis on state and local government accounting and auditing are important to the success of the GASB.”
It added that the role is part-time, requiring roughly one-third of a full-time workload.
The new board member will serve an initial five-year term and may be reappointed for an additional term of up to five years.
In March last year, the FAF Board of Trustees appointed Barbara Baldwin as a new member of the GASAC.
