NEWS RELEASE 02/11/04

Robert H. Attmore Elected Chairman of the Governmental Accounting Standards Board

Norwalk, CT, February 11, 2004—The Financial Accounting Foundation has announced that Robert H. Attmore, a former Deputy State Comptroller, New York State Comptroller’s Office, has been elected Chairman of the Governmental Accounting Standards Board (GASB), effective July 1, 2004. Mr. Attmore will succeed Tom L. Allen, who has served as GASB Chairman, commencing in 1995, and is not eligible for reappointment. The appointment was made by the Foundation’s Board of Trustees, which has oversight responsibility for the GASB and the Financial Accounting Standards Board.

Mr. Attmore is currently President of Attmore & Associates in Albany, New York, where he provides consulting services to government agencies and other entities. He established his firm in 2003 after having served the State of New York for 23 years. As Deputy State Comptroller from 1986 to 2003, he provided leadership to a staff of more than 500 employees. Previous to this post, he held the positions of Assistant Deputy State Comptroller and Director of Internal Audit of the State Office of Mental Health, respectively. Prior to holding those positions, he was in public accounting with Deloitte Haskins & Sells in New York City.

In commenting on the appointment, Robert E. Denham, Chairman of the Financial Accounting Foundation, stated, "The Foundation is very fortunate to have recruited Robert Attmore from a long list of highly qualified candidates. His experience in state accounting and fiscal matters for the State of New York should be a tremendous asset to the GASB. We also want to thank Tom Allen for the outstanding service he has provided to the GASB during the past ten years. Under Tom’s leadership, the GASB has made many important contributions to governmental accounting, including the establishment of a landmark financial reporting model, Statement 34, which is advancing the utility of financial statements."

Among his many professional activities, Mr. Attmore is a former Treasurer and Executive Board Member of the National Association of State Auditors, Comptrollers, and Treasurers, a past President and Chair of several committees of the National State Auditors Association and an active participant in the Association of Government Accountants, the American Institute of Certified Public Accountants and the Government Finance Officers Association. He is a Certified Public Accountant and a Certified Government Financial Manager.

Mr. Attmore, a resident of Loudonville, New York, is a graduate of Villanova University where he received a bachelor’s degree in accounting.


About the Governmental Accounting Standards Board and the Financial Accounting Foundation

The GASB is the independent, not-for-profit organization formed in 1984 that establishes and improves financial accounting and reporting standards for state and local governments. Its seven members are drawn from the Board's diverse constituency, including preparers and auditors of government financial statements, users of those statements and members of the academic community. For more information about the GASB, visit its website at www.gasb.org.

The Financial Accounting Foundation is responsible for funding, overseeing and selecting the members of the Financial Accounting Standards Board and the Governmental Accounting Standards Board. For more information on the organizations it oversees, visit the Foundation’s websites at www.fasb.org and www.gasb.org.