Facts about FASB
Staff
Suzanne Q. Bielstein
Director–Planning and Support
Suzanne Q. Bielstein was appointed Director of Planning and Support for the Financial Accounting Standards Board (FASB) in June 2008. In this role, she is responsible for planning and process matters, budgets and special projects. Her responsibilities include leadership of the FASB’s understandability initiative and oversight of process changes, such as those that might result from recommendations by the SEC Advisory Committee on Improving Financial Reporting and the Financial Accounting Foundation (FAF) Board of Trustees.
Previously, Ms. Bielstein spent six years in the role of Director of Major Projects and Technical Activities, where she managed FASB activities related to research and development of new accounting standards. During that time, Ms. Bielstein led some of the most significant projects in FASB’s history, including those dealing with share-based payment, defined benefit pension and other postretirement plans, and fair value measurement, among others. In that role, she also was the FASB staff member responsible for overseeing the Board’s convergence initiative with the International Accounting Standards Board (IASB). She was involved in development of the 2006 Memorandum of Understanding (and the 2008 update) and led the business combinations project that produced the first joint standard with the IASB.
Prior to her appointment as Director, she served in various capacities within the FASB including Assistant Director of Technical Research (responsible for supporting FASB staff activities involving the Emerging Issues Task Force (EITF) and the technical inquiry program) and Project Manager on the Board’s projects on business combinations and combinations for not-for-profit organizations.
Before joining the FASB in early 1999, Ms. Bielstein spent five years with Caradon plc in two different roles, including Vice President of Planning, North America and Vice-President and Corporate Controller of Clarke American Checks, Inc., a subsidiary of Caradon. Before joining Caradon, Ms. Bielstein was an Audit Partner in the Boston office of the public accounting firm, KPMG. She began her accounting career in KPMG’s Chicago office.
Ms. Bielstein earned a B.B.A. degree in accounting from the University of Notre Dame. She resides in Darien, Connecticut, with her family.
sqbielstein@fasb.org
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