• Facts About FASB
• Our Mission
• Our Independent Structure
• Our Rules of Procedure
• Our Standards-Setting Process
• Our People
• Financial Accounting Foundation
• FASAC
• Additional Information /
  Contacting the FASB
• Articles, Reports, and Presentations
• Government Affairs and
  External Relations
• 2010 Annual Report
• Careers
• Contact Us
• Directions, Transportation and Area
  Hotels

Facts about FASB

Board Members

Leslie F. Seidman
Chairman

   

Leslie F. Seidman was named Chairman of the Financial Accounting Standards Board (FASB) by the Financial Accounting Foundation, effective December 23, 2010. She was originally appointed to the FASB in July 2003 and reappointed to a second term in July 2006.

As Chairman of the FASB, Ms. Seidman is responsible for managing the organization’s day-to-day activities and leading the Board’s efforts to develop high-quality financial reporting standards that result in decision-useful information for investors and other users of financial statements.

From 1994–1999, Ms. Seidman was a member of the FASB staff. She initially joined the organization as an Industry Fellow, after which she served as a Project Manager and as the Assistant Director of Research and Technical Activities. As Assistant Director, she supervised staff members dealing with implementation and practice issues, including the FASB’s Emerging Issues Task Force, and had liaison responsibilities for the Securities and Exchange Commission and the regulators of financial institutions.

In between her two tenures at the FASB, Ms. Seidman founded and managed a financial reporting consulting firm, serving corporations, accounting firms and other organizations. Prior to her Fellowship at the FASB, Ms. Seidman was a vice president in the accounting policies department of J.P. Morgan & Co. Inc., where she was responsible for establishing accounting policies for new financial products, particularly securities and derivatives, and analyzing and implementing new accounting standards. Ms. Seidman started her career at Arthur Young & Co. (now Ernst & Young, LLP), as a member of the audit staff, serving clients in the retail, publishing and venture capital industries.

A member of the AICPA, the American Women’s Society of CPAs, and the Institute of Management Accountants, Ms. Seidman earned an M.S. degree in accounting from New York University and a B.A. degree in English from Colgate University.

lfseidman@fasb.org