NEWS RELEASE 01/18/22

Financial Accounting Foundation Appoints Nine New Members to the Financial Accounting Standards Advisory Council (FASAC)


Norwalk, CT—January 18, 2022—The Financial Accounting Foundation (FAF) Board of Trustees today announced the appointment of new members to the Financial Accounting Standards Advisory Council (FASAC). The FAF Trustees also reappointed 26 FASAC members for additional one-year terms.

The FASAC advises the Financial Accounting Standards Board (FASB) on strategic and technical issues, project priorities, and other matters that affect standard setting. The FASAC provides the FASB with diverse perspectives from individuals with varied business and professional backgrounds.

“The FAF and FASB are pleased to welcome our new FASAC members, and we look forward to the diverse insights they will offer as they take on this important role helping to improve financial reporting for all our stakeholders,” said Kathleen L. Casey, chair of the FAF Board of Trustees.  “I would also like to thank the departing members for their expertise, commitment, and input to the standard-setting process.”

The new FASAC members will serve a one-year term that began January 1, 2022 and may be reappointed for additional terms. The new appointees are:
  • Todd Castagno, Head of Global Valuation, Accounting and Tax Research, Morgan Stanley
  • Jeremy Croucher, Partner-in-Charge, Department of Professional Practice, KPMG LLP
  • Debra Dial, Senior Vice President and Global Controller, AT&T  
  • Saul Martinez, Founder, Cambio Consulting LLC
  • Dorri C. McWhorter, President and Chief Executive Officer, YMCA Metropolitan Chicago
  • Jonathan Nus, Managing Director, Alvarez & Marsal, Global Transaction Advisory
  • Johnbull Okpara, Chief Accounting Officer and Controller, Citigroup Inc.
  • Richard G. Sloan, Deloitte and Touche LLP Chair in Accounting, Professor of Accounting, Finance and Business Economics, University of Southern California
  • Antonio Yanez Jr., Partner, Willkie Farr & Gallagher LLP.   
Eight FASAC members concluded their service on December 31, 2021: Rudolf Bless, Chief Accounting Officer, Bank of America; Avi Berg, Chief Investment Officer, Satovsky Asset Management; Gordon Edwards, Chief Financial Officer, Marshfield Clinic Health System; Elizabeth Graseck, Managing Director, Research, Morgan Stanley; Heather Horn, Deputy Chief Accountant and Strategic Thought Leader, PwC LLP; Amie Thuener, Vice President, Chief Accountant, Alphabet; John White, Partner Corporate, Cravath, Swaine & Moore LLP; and Teri Yohn, Professor of Accounting Goizueta Business School, Emory University.

For the full listing of FASAC members, visit the FASAC webpage.


About the Financial Accounting Foundation

Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB establish and improve financial accounting and reporting standards—known as Generally Accepted Accounting Principles, or GAAP—for public and private companies, not-for-profit organizations, and state and local governments in the United States. For more information, visit www.accountingfoundation.org.

About the Financial Accounting Standards Board

Established in 1973, the FASB is the independent, private-sector organization, based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit www.fasb.org.  
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