Media Advisory 04-23-19

FASB Appoints Shayne Kuhaneck as Acting Technical Director


Norwalk, CT, April 23, 2019—The Financial Accounting Foundation (FAF) Board of Trustees recently appointed Susan M. Cosper to the Financial Accounting Standards Board (FASB) effective May 1, 2019. Ms. Cosper currently serves as the FASB’s technical director and chair of the Emerging Issues Task Force (EITF).
 
As of May 1, 2019, FASB Assistant Director Shayne Kuhaneck will serve as acting technical director for the FASB. Mr. Kuhaneck currently oversees the FASB’s implementation activities related to credit losses, hedging, recognition and measurement of financial instruments, and leases. He also oversees projects that include nonemployee share-based payments, consolidations, and distinguishing liabilities from equity.
 
Ms. Cosper will continue to chair the EITF on an interim basis. A search for the FASB’s new technical director will begin in the coming months.
 
For more information about the FASB, visit www.fasb.org.