NORWALK, Conn.--(BUSINESS WIRE)--
The Board of Trustees of the Financial Accounting Foundation (FAF) today
announced the appointment of two new members to the Governmental
Accounting Standards Advisory Council (GASAC).
Ms. Neria Douglass is the treasurer for the state of Maine and
represents the Council of State Governments.
Mr. Richard Larkin is a senior vice president and director of
credit analysis for HJ Sims & Company, Inc. and represents the
Securities Industry and Financial Markets Association.
The GASAC is responsible for advising the Governmental Accounting
Standards Board (GASB) on technical issues, project priorities, and
other matters that affect standards setting for accounting and financial
reporting by state and local governments. The new members, whose
appointments are effective immediately, will serve terms that extend to
December 31, 2015.
“We are pleased to welcome Neria and Richard to the GASAC,” said FAF
President and Chief Executive Officer Teresa S. Polley. “Both have
demonstrated a strong commitment to working toward well-informed
decision making in public sector financial reporting.”
“Neria and Richard’s backgrounds will be of great value to the GASAC as
we provide the GASB with thoughtful feedback, insight, and analysis
needed to achieve its goal of continually improving accounting standards
used by state and local governments,” added GASAC Chairman Martin J.
of the GASAC are chosen from a cross-section of the GASB’s state and
local government stakeholders, including users, preparers, and auditors
of financial information. GASAC members are selected on the basis of
their professional expertise and the depth and variety of experience
they bring to their work on the Council.
About the Financial Accounting Foundation
The FAF is responsible for the oversight, administration, and finances
of both the Financial Accounting Standards Board and its counterpart for
state and local government, the Governmental Accounting Standards Board.
The FAF also is responsible for selecting the members of both Boards and
their respective Advisory Councils.
About the Governmental Accounting Standards Board
The GASB is the independent, not-for-profit organization formed in 1984
that establishes and improves financial accounting and reporting
standards for state and local governments. Its seven members are drawn
from the Board’s diverse range of stakeholder groups, including
preparers and auditors of government financial statements, users of
those statements, and members of the academic community. More
information about the GASB can be found at its website, www.gasb.org.
Financial Accounting Foundation
Source: Financial Accounting Foundation