Media Advisory 03/19/20

Financial Accounting Foundation Seeks Nominations for Financial Accounting Standards Board

Norwalk, CT—March 19, 2020—The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that it is seeking nominations for one new member of the Financial Accounting Standards Board (FASB).
The FAF Board of Trustees Appointments Committee recruits candidates with diverse backgrounds and experience to ensure a balance of perspectives across the entire organization.
All nominations must be received by the close of business on April 30, 2020. Interested candidates for the FASB can review a full job description and apply online on the organization’s website.
The Financial Accounting Standards Board appointment officially begins on July 1, 2021, and the successful candidate is expected to start some time before that to facilitate a smooth transition period.
All candidates for the FASB should share certain characteristics, including a strong commitment to the FASB’s mission, deep technical skills and strategic acumen, a collaborative work style and collegial approach to coworkers, and well-developed communication skills.
In addition, the need for diverse perspectives on the FASB means that the ideal candidate for this specific Board seat should also have significant experience at the senior level of the financial reporting profession as a sophisticated user of financial statements, such as a/an:
  • Investment analyst or portfolio manager with a securities firm or investment management organization
  • Venture capitalist or private equity investor
  • Rating agency analyst
  • Independent researcher interpreting and applying accounting standards as they relate to the investment decision making process. 
The ideal candidate will also have a global perspective with exposure to the financial reporting issues of international companies; strong and current technical understanding of accounting, with a proven ability to thoughtfully and thoroughly comprehend and deliberate on financial reporting standards; and leadership experience. CPA certification is a desirable asset.