Facts about FASB

Board Members

The five members of the FASB serve full time and are required to sever 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 (on June 30) of current terms are indicated.

Robert H. Herz, Chairman 2012

Thomas J. Linsmeier 2011

Leslie F. Seidman 2011

Marc A. Siegel 2013

Lawrence W. Smith 2012


Additional Details