The US’ Financial Accounting Standards Board (FASB) has appointed Hillary Salo to the role of director of technical activities and chair of the Emerging Issues Task Force (EITF), effective August 2020.
Salo, who began her accounting career as a FASB postgraduate technical assistant, joins the organisation from the New York City office of KPMG, where she was a partner in the audit practice. She has also served as a professional accounting fellow in the Office of the Chief Accountant at the US’ Securities and Exchange Commission.
Commenting on Salo’s appointment, FASB chair Russell Golden said: “I’m very pleased to welcome Hillary Salo back to Norwalk as our next director of technical activities and chair of the Emerging Issues Task Force. Her exemplary career as a public accountant and her deep knowledge of the broader financial reporting landscape will serve the organisation well as she takes on this important leadership role.”
Salo said: “I am honoured by the opportunity to return to the FASB and to serve FASB stakeholders as director of technical activities and chair of the Emerging Issues Task Force. The independent standard-setting process is a priceless asset to our capital markets and to investors and all users of financial information. I look forward to the challenge of supporting the FASB and leading the technical staff in the years ahead.”