The Financial Accounting Foundation (FAF) has
appointed Russell Golden to the
Financial Accounting Standards Board (FASB).
Golden will fill the vacancy left by departing FASB chairman Robert
Herz when he retires at the end of this month.
Golden is currently the FASB’s technical
director. In that role, he has been primarily responsible for
overseeing FASB staff work on all standards-setting projects,
including global and domestic standards-setting and the technical
application and implementation of financial accounting and
reporting standards. He also served as chair of the FASB’s emerging
issues task force.
Before joining the FASB, Golden worked with
Deloitte US in the accounting services department.
Golden’s initial term on the FASB will extend
to 30 June 2012, when Herz’s term was due to end.
FAF chair John Brennan said the FASB will be
served well by Golden’s depth of technical knowledge in accounting,
familiarity with the projects on the board’s technical agenda, and
his track record of reaching out to constituents and evaluating all
available input when approaching financial reporting issues.
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The FAF board of trustees is still evaluating candidates for the
new FASB chairman and to fill two new seats on the board.
It was announced last month that the FASB
would return to a seven-member structure.
Leslie Seidman will become acting chairman as
of 1 October.