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September 19, 2010

Russell Golden appointed to the FASB

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.

 

Chairman search continues 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.

 

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