Media Advisory 06/06/18
Eric C. West Appointed to the FASB’s Emerging Issues Task Force
Norwalk, CT, June 6, 2018—Financial Accounting Standards Board (FASB) Chairman Russell G. Golden today announced the appointment of Eric C. West, director of accounting policy for Amazon.com, Inc., to the Emerging Issues Task Force (EITF).
Mr. West currently serves as director of accounting policy with Amazon.com, Inc. Previously, he spent 19 years at the U.S. Securities and Exchange Commission, most recently as an associate chief accountant in the Office of the Chief Accountant (OCA) and previously in the Division of Corporation Finance. He also served as a fellow in the U.S. House of Representatives, Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises where he worked on the investor protection provisions of the Dodd-Frank Act. He began his career as an auditor with Arthur Andersen.
“Eric’s direct experience with implementation issues related to the application of new and existing accounting standards will be extremely valuable to the EITF’s discussions and decisions,” stated EITF Chair and FASB Technical Director Susan M. Cosper. “On behalf of the EITF, I am pleased to welcome him to the Task Force.”
The EITF assists the FASB in improving financial reporting through the timely identification, discussion, and resolution of financial accounting issues. Members are chosen from a cross section of FASB stakeholders, including public accounting firms, preparers of financial statements, and users of financial statements.
About the Financial Accounting Standards Board
Established in 1973, the FASB is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit www.fasb.org.