Facts about FASB
Board Members
The five members of the FASB serve full time and are required to sever all connections with the firms or institutions they served prior to joining the Board. While collectively they represent diverse backgrounds, they also must possess "knowledge of accounting, finance, and business, and a concern for the public interest in matters of financial accounting and reporting."
Board members are appointed for five-year terms and are eligible for reappointment to one additional five-year term. Expiration dates of current terms are indicated.
Robert H. Herz, Chairman 2012
George J. Batavick 2008
Thomas J. Linsmeier 2011
Leslie F. Seidman 2011
Lawrence W. Smith 2012
Staff
The Board is assisted by a staff of approximately 68 professionals drawn from public accounting, industry, academe, and government, plus support personnel. The staff works directly with the Board and project resource groups, conducts research, participates in roundtable meetings, analyzes oral and written comments received from the public, and prepares recommendations and drafts of documents for consideration by the Board.
FASB fellows are an integral part of the research and technical activities staff. The Fellowship program provides the Board the benefit of current experience in industry, academe, and public accounting and offers the fellows first-hand experience in the accounting standard-setting process. Fellows take a leave of absence from their firms or universities and serve as project managers or consultants on a variety of projects.
Suzanne Q. Bielstein, Director–Major Projects and Technical Activities
Russell G. Golden, Director–Technical Application and Implementation Activities and EITF Chair
Linda A. MacDonald, Director–Planning, Development and Support Activities
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