The Financial Accounting Foundation (FAF) has
appointed recently retired Deloitte senior partner Mark Schroeder
as post-implementation review leader.
Schroeder’s responsibilities will include the
development, implementation, and management of the
post-implementation review of standards and other pronouncements
issued by the Financial Accounting Standards Board (FASB) and the
Governmental Accounting Standards Board (GASB).
FAF president Teresa Polley said the
post-implementation review of accounting standards was of paramount
importance to the board of trustees in its oversight of the
“With 40 years of diverse accounting and
financial experience, Schroeder brings a broad background and
perspective to this function, which will further enhance the
independent standard-setting process of both boards,” she said.
The FAF is responsible for the oversight,
administration, and finances of the FASB and GASB.