FAF Board of Trustees
Ann Marie Petach
Secretary and Treasurer
FAF Board of Trustees
Board Member
BlackRock Institutional
Trust Company
Charles M. Allen*
Retired Partner and
Past Chief Executive Officer
Crowe Horwath LLP
Gary H. Bruebaker
Chief Investment Officer
Washington State
Investment Board
Paul G. Camell
Retired Executive Vice President
and Chief Accounting Officer
CDM Smith Inc.
Charles S. Cox
Managing Director
of Finance
and Administration
City of Farmers Branch,
Texas
Christine M. Cumming*
Retired First Vice President
and Chief Operating Officer
Federal Reserve Bank
of New York
Myra R. Drucker
Independent Director
Grantham, Mayo,
Van Otterloo & Co.
John C. Dugan
Partner
Covington & Burling LLP
Eugene Flood, Jr.*
Board Member
Janus Capital Group Inc.
Nancy K. Kopp
Treasurer
State of Maryland
Kenneth B. Robinson*
Former Chief Audit Executive
and Global Risk and
Compliance Leader
Procter & Gamble (P&G) Company
Diane M. Rubin*
Retired Audit Partner and
Quality Control Partner
Novogradac & Company LLP
Michelle R. Seitz
Head of William Blair
Investment Management
William Blair Investment
Management
Ann M. Spruill
Partner (Retired)
GMO & Co. LLC
John B. Veihmeyer
Chair
KPMG International
Terry D. Warfield
PwC Professor in Accounting
and Chair, Department
of Accounting and
Information Systems
University of Wisconsin, Madison
FAF
OFFICERS
Charles H. Noski
Chairman
W. Daniel Ebersole
Vice Chair
Ann Marie Petach
Secretary and Treasurer
Teresa S. Polley
President and Chief Executive Officer
Mary P. Crotty
Chief Operating Officer
Completed Service in 2015
Jeffrey J. Diermeier
Retired President and Chief Executive Officer
CFA Institute
Carol Anthony (John) Davidson
Retired Senior Vice President,
Controller and Chief Accounting Officer
Tyco International
Stephen R. Howe, Jr.
Americas Managing Partner
EY
W.M. (Mack) Lawhon
Chairman
Weaver
TRUSTEE COMMITTEES
Executive
Charles H. Noski, Chair
W. Daniel Ebersole, Vice Chair
Paul G. Camell
Charles S. Cox
Nancy K. Kopp
Michelle R. Seitz
Terry D. Warfield
Appointments & Evaluations
Paul G. Camell, Chair
Charles M. Allen
Christine M. Cumming
Myra R. Drucker
W. Daniel Ebersole
Kenneth B. Robinson
Ann M. Spruill
Audit & Compliance
Charles S. Cox, Chair
Charles M. Allen
Gary H. Bruebaker
Kenneth B. Robinson
John B. Veihmeyer
Finance & Compensation
Michelle R. Seitz, Chair
Gary H. Bruebaker
Charles S. Cox
Christine M. Cumming
Ann Marie Petach
Ann M. Spruill
Standard-Setting Process Oversight
Nancy K. Kopp, Co-Chair
Terry D. Warfield, Co-Chair
Myra R. Drucker
John C. Dugan
W. Daniel Ebersole
Eugene Flood, Jr.
Diane M. Rubin
Private Company Review
Diane M. Rubin, Chair
Paul G. Camell
Eugene Flood, Jr.
Ann Marie Petach
Terry D. Warfield
TOPFASB MEMBERS
Russell G. Golden
Chair
James L. Kroeker
Vice Chair
GASB MEMBERS
David A. Vaudt
Chair
Jan I. Sylvis
Vice Chair
PCC Chair
Candace E. Wright*
Director
Postlethwaite & Netterville
FASB Liaison
Daryl E. Buck
Board Member
Financial Accounting Standards Board
PCC Coordinator
Michael K. Cheng
Supervising Project Manager
Financial Accounting Standards Board
Members
George W. Beckwith
Vice President and Chief Financial Officer
National Gypsum Company
Steven Brown
Credit Risk Manager and Senior Vice President
US Bank
Jeffery C. Bryan
Partner, Professional Standards Group
Dixon Hughes Goodman LLP
Timothy J. Curt*
Managing Director and Partner
Warburg Pincus LLC
Thomas J. Groskopf
Director and Owner
Barnes, Dennig & Co., LTD
David S. Lomax*
Assistant Vice President and Underwriting Officer
Liberty Mutual Insurance
Harold L. Monk Jr*
Partner
Carr, Riggs & Ingram LLC
Carleton L. Olmanson
Managing Principal
GMB Mezzanine
Lawrence E. Weinstock
Vice President—Finance
Mana Products, Inc.
Completed Service in 2015
Billy M. Atkinson
PCC Chair
Mark Ellis
Chief Financial Officer
BabyGanics, PawGanics,
PetLabs360-KAS Direct LLC
Neville Grusd
President
Merchant Financial Corporation
Diane M. Rubin
Retired Partner
Novogradac & Company LLP
*New member in 2016
EMERGING ISSUES TASK FORCE (EITF)
EITF Chair
Susan M. Cosper
Technical Director
Financial Accounting Standards Board
EITF Coordinator
Mark A. Pollock
Practice Fellow
Financial Accounting Standards Board
Members
John M. Althoff
Partner
PricewaterhouseCoopers LLP
Paul A. Beswick**
Partner
EY
James G. Campbell
Corporate Controller
Alphabet Inc.
Terri Z. Campbell
Senior Managing Director
Liberty Mutual Group Asset Management Inc.
Alexander M. Corl
Chief Financial Officer and Treasurer
The Lee Company
Bret Dooley
Managing Director and Director of
Corporate Accounting Policies Group
Corporate Accounting Policies Group
JPMorgan Chase & Co.
Carl Kampel
Director in Charge of Professional Standards
Ellin & Tucker, Chartered
Mark LaMonte
Vice President—Senior Credit Officer, Financial Institutions Group/Accounting Specialist Group
Moody’s Investors Service
Robert B. Malhotra**
Partner
KPMG LLP
Lawrence J. Salva
Senior Vice President, Chief Accounting Officer and Controller
Comcast Corporation
Mark Scoles*
Partner-In-Charge, Accounting Principles
Grant Thornton LLP
Ashwinpaul C. (Tony) Sondhi
President
A.C. Sondhi & Associates, LLC
Robert Uhl
Partner
Deloitte & Touche LLP
Participating Observers
Wesley R. Bricker
Deputy Chief Accountant
U.S. Securities and Exchange Commission
James A. Dolinar (FinREC)
Partner
Crowe Horwath LLP
Thomas J. Groskopf (PCC)
Director and Owner
Barnes, Dennig & Co., LTD
Completed Service in 2015
Mark M. Bielstein
Partner
KPMG LLP
Jackson M. Day
Partner
EY
*New member in 2016
**New member in 2015
FASAC (Financial Accounting Standards Advisory Council)
FASAC Chair
Andrew G. McMaster, Jr.*
FASAC Executive Director
Members
Kimber Bascom*
Partner
KPMG LLP
Stuart Birdt*
Investment Officer
Interlaken Management, LLC
R. Scott Blackley*
Controller
Capital One
Gary Buesser*
Director
Lazard Asset Management
Colleen K. Conrad
Executive Vice President and
Chief Operating Officer
National Association of State
Boards of Accountancy
Marie T. Gallagher*
Senior Vice President and Controller
PepsiCo, Inc.
Sydney Garmong*
Partner
Crowe Horwath LLP
Sameer Gokhale
Senior Director, Investor Relations
Fifth Third Bancorp
Linda L. Griggs
Partner
Morgan, Lewis and Bockius LLP
Jeffrey Hales*
Catherine W. and Edwin A. Wahlen, Jr.
Professor of Accounting
Georgia Institute of Technology
Michael (Mick) G. Homan
Vice President, Finance and Accounting—
Corporate Accounting
Procter & Gamble (P&G) Company
Xihao Hu
Executive Vice President, Finance
and Head of Accounting, Tax, Planning
and Finance Shared Services
TD Bank
Marsha L. Hunt
Vice President-Corporate Controller
Cummins Inc.
Richard R. Jones*
Partner – Director of Accounting
EY
Mark LaMonte*
Managing Director
Moody’s Investors Service
Timothy J. LaSpaluto*
Chief Financial Officer
American Institute of CPAs
Dan Mahoney
Director of Research
CFRA
Maya McReynolds
Vice President Finance and
Chief Accounting Officer
Dell Inc.
Daniel S. Meader
Principal
Trinity Private Equity Group LP
Catherine E. Mickle
Chief Financial Officer
American Cancer Society
Sean C. Miller
Vice President —Technical Accounting
Sony Pictures Entertainment
John G. Morriss*
Former Managing Director,
Head of Fixed Income Research
TIAA-CREF Asset Management
Gregg L. Nelson
Vice President and Chief Accounting Officer
IBM Corporation
Douglas R. Oare
Managing Director
BlackRock, Inc.
Thomas Omberg
National Leader, Financial Accounting and Reporting Services
Deloitte & Touche LLP
Cathy Shakespeare*
Associate Professor of Accounting
University of Michigan
Sherry M. Smith
Board of Directors
Deere & Company, Tuesday Morning Corporation,
and Realogy Holdings Corporation
Lee Sotos
Senior Analyst
Fidelity Worldwide Investment
Ted T. Timmermans*
Vice President, Controller and
Chief Accounting Officer
The Williams Companies, Inc.
Sharon A. Virag
Vice President, Controller,
and Chief Accounting Officer
Aetna
Joan E. Waggoner*
Partner in Professional Standards
Plante Moran PLLC
Jeffrey Wilks
Director and EY Professor
School of Accountancy
Brigham Young University
Randall Woods*
Principal/Head of Investing for Pension Funds
RJW Financial Services
Completed Service in 2015
Steven E. Buller
FASAC Chair
Kay Booth
Partner
Trinity Private Equity Group LP
John Boulton
Director, Accounting Research and Policy
Fitch Ratings
Peter M. Carlson
Executive Vice President and Chief Accounting Officer
Met Life
Susan S. Coffey
Senior Vice President, Public Practice and Global Alliances
American Institute of CPAs
Neil A. Cotty
Former Chief Accounting Officer
Bank of America Corporation
Anthony J. Dowd
Chief of Staff
Office of Paul A. Volcker
Cynthia M. Fornelli
Executive Director
Center for Audit Quality
Larry Gray
Senior Partner—Professional Practice Group
EisnerAmper LLP
Wendy M. Hambleton
Partner, Director of SEC Services
BDO USA, LLP
Jan Hauser
Chief Accounting Officer
General Electric Company
Patrick E. Hopkins
Professor and Sungkyunkwan Professor of Business
Kelley School of Business
Indiana University
Adam G. Hurwich
Portfolio Manager
Ulysses Management LLC
Paul Kepple
Partner
PricewaterhouseCoopers LLP
Dianne H. Russell
Hyde Boston Capital
Stephen D. M. Schuetz
Retired Partner
EY
Ronald Temple
Managing Director
Lazard Asset Management
*New member in 2016
GASAC (Government Accounting Standards Advisory Council)
GASAC Chair
Robert W. Scott
Director, Finance
City of Brookfield, Wisconsin
(Nominated by the Government Finance Officers Association)
GASAC Vice Chair
Jacqueline L. Reck
James E. Rooks and C. Ellis Rooks Distinguished
Professor of Accounting
School of Accountancy
University of South Florida
(Nominated by the American Accounting Association)
Members
Benjamin Barnes*
Secretary, Office of Policy and Management
State of Connecticut
(Nominated by the National Governors Association)
Wayne Gerhold**
Principal
Law Offices of Wayne D. Gerhold
(Nominated by the National Association of Bond Lawyers)
Brian Green**
Partner, Healthcare Audit and
Reimbursement Services
Seim Johnson
(Nominated by the Healthcare Financial Management Association)
Demetria Hanna**
Branch Chief, Economic Statistical
Methods Division
U.S. Census Bureau
(Nominated by the U.S. Census Bureau)
Shirley D. Hughes**
Director, Finance
City of Boulder City, Nevada
(Nominated by the International City/County Management Association)
Perry James
Chief Financial Officer
City of Raleigh, North Carolina
(Nominated by the U.S. Conference of Mayors)
Stephen Klein
Chief Fiscal Officer
Legislative Joint Fiscal Office
State of Vermont
(Nominated by the National Conference of State Legislatures)
James Lanzarotta
Partner
Moss Adams
(Nominated by the American Institute of CPAs)
Richard Larkin
Senior Vice President and Director of
Credit Analysis
HJ Sims & Company
(Nominated by the Securities Industry and Financial Markets Association)
Gerard Lian
Senior Analyst, Fixed Income Team
Invesco
(Nominated by the Investment Company Institute)
David H. Lillard, Jr.*
State Treasurer
State of Tennessee
(Nominated by the National Association of State Treasurers)
Lealan Miller
Director, Government Services
Eide Bailly
(Nominated by the Association of Government Accountants)
Sandra Moorman
Director, Accounting and Controller
Sacramento Municipal Utility District
(Nominated by the American Public Power Association)
Amanda Noble
Deputy City Auditor
City of Atlanta, Georgia
(Nominated by the Association of Local Government Auditors)
Mark Pepera**
Chief Financial Officer
Westlake City School District, Ohio
(Nominated by the Association of School Business Officials International)
Robert M. Reardon
Senior Investment Officer
State Farm Insurance Company
(Nominated by the Insurance Industry Investors)
Tasha Repp
Business Assurance Partner, Tribal Services Group
Moss Adams
(Nominated by the Native American Finance Officers Association)
Daniel Smith
Associate Professor of Public Budgeting
and Financial Management
Robert F. Wagner Graduate School of Public Service
New York University
(Nominated by the Association for Budgeting and Financial Management)
Alan Skelton**
State Accounting Officer
State of Georgia
(Nominated by the National Association of State Auditors, Comptrollers, and Treasurers)
Gilbert L. Southwell III
Vice President and Senior Municipal Analyst
Wells Capital Management
(Nominated by the National Federation of Municipal Analysts)
Joseph Stefko
President and Chief Executive Officer
Center for Governmental Research
(Nominated by the Governmental Research Association)
Charles A. Tegen
Associate Vice President, Finance
Clemson University
(Nominated by the National Association of College
and University Business Officers)
James R. Wells*
Director, Governor's Finance Office
State of Nevada
(Nominated by the National Association of State Budget Officers)
Teri F. Wenck*
Director, Public Finance Group
FitchRatings
(Bond Rater)
Glen Whitley
County Judge
Tarrant County, Texas
(Nominated by the National Association of Counties)
Robert A. Wylie
Executive Director and Administrator
South Dakota Retirement System
(Nominated by the National Association of State Retirement Administrators)
Official Observer
Robert Dacey
Chief Accountant
Representing the Comptroller General of the United States
Government Accountability Office
Completed Service in 2015
Martin J. Benison
GASAC Chair
Dominic Colafati
Chief Budget Examiner, Expenditure/Debt Unit
State of New York
Bernard Fischer
Director, Public Finance Group
FitchRatings
Barbara Flickinger
Managing Director, Portfolio Services
National Public Finance Guarantee
Ronald Green
Controller
City of Houston, Texas
James B. Reardon
Commissioner of Finance and Management
State of Vermont
*New member in 2016
**New member in 2015
FASB Advisory Groups
SMALL BUSINESS ADVISORY COMMITTEE (SBAC)
The FASB periodically undertakes an in-depth assessment of each of its advisory groups. In 2015, the FASB conducted an extensive review of the SBAC’s objectives, operations, and composition. That review was completed in November 2015. Based on that review, the FASB decided to restructure the SBAC to focus on smaller public companies. A Committee charter that incorporates that change will be developed in 2016. Additionally, the FASB will seek nominations for the restructured group in 2016.
Completed Service in 2015
Deborah Adkins
CFO Partner
NPerspective, LLC
James Beck
Managing Director and Chief Operating Officer
Mayfield Fund
P. Glenn Bradley
Partner
Mountjoy Chilton Medley LLC
Richard E. Forrestel, Jr.
Treasurer
Cold Spring Construction Company, Inc.
Richard H. Gesseck
Richard H. Gesseck Consulting
Dennis R. Hein
Partner
Seim Johnson, LLP
Robert Hoffman
Chief Financial Officer
Arena Pharmaceuticals
W. Stephen Holmes
General Partner
InterWest Partners
Joseph A. Maffia
Partner
Janover LLC
Albert G. Pastino
Executive Vice Chairman
Revere Merchant Capital
Patricia P. Piteo
Partner
Cohen & Company Ltd.
Leonard Steinberg
Principal
Steinberg Enterprises, LLC
Peter B. Stickler
Senior Vice President and Chief Financial Officer
Inland Bancorp Inc.
Scott M. Waite
Executive Vice President,
Strategic Planning & Special Projects
Patelco Credit Union
Russell D. Wasson
Director of Tax, Finance, and Accounting Policy
National Rural Electric Cooperative Association
Candace E. Wright
Audit Director
Postlethwaite & Netterville
INVESTOR ADVISORY COMMITTEE (IAC)
Members
Frederick Cannon
Director of Research, Chief Equity Strategist
and Executive Vice President
Keefe, Bruyette, & Woods, Inc., Research Division
Wallace Enman
Senior Accounting Analyst
Moody’s Investors Service
Jill Lehman
Head of Healthcare and TMT Research
CFRA
Matthew Schechter
Forensic Accountant
Balyasny Asset Management
Kevin W. Shea
Chief Executive Officer
Disciplined Alpha LLC
David Trainer
Chief Executive Officer
New Constructs
Completed Service in 2015
Jonathan Nus
Executive Director
EY
Dina M. Maher
Vice President
Financial Institution Supervision Group
Federal Reserve Bank of New York
Rita J. Spitz
Principal
William Blair & Company, LLC
Joseph A. Stieven
Chief Executive Officer
Stieven Capital Advisors, LP
NOT-FOR-PROFIT ADVISORY COMMITTEE (NAC)
Committee Chair
Jeffrey D. Mechanick
Assistant Director — Nonpublic Entities
Financial Accounting Standards Board
Members
Alice Antonelli*
Director, Advisory Services
Nonprofit Finance Fund
Cathy Clarke*
Chief Assurance Officer
CliftonLarsonAllen, LLP
Jim Croft*
Principal
JWC Consulting Group
Former Executive Vice President
and Chief Financial Officer
The Field Museum of Natural History
Harvey Dale
University Professor of Philanthropy and the Law
Director, National Center of Philanthropy and the Law
New York University School of Law
Gordon T. Edwards
Chief Financial Officer
Marshfield Clinic Health System
Kenneth C. Euwema
Vice President and Controller
United Way Worldwide
Michael Forster*
Chief Financial Officer
Woodrow Wilson International Center for Scholars
Deborah Gillespie
Vice President, Finance and Administration
and Secretary/Treasurer
The Joyce Foundation
Roger Goodman
Partner
The Yuba Group LLC
John Kroll
Associate Vice President for Finance
University of Chicago
John Mattie
Partner-in-Charge, Higher Education
and Not-for-Profit Industry Practice
PricewaterhouseCoopers LLP
Bob Mims
Controller/Director of Investments
Ducks Unlimited, Inc.
Norman C. Mosrie
Partner
Dixon Hughes Goodman
Linda M. Parsons
Associate Professor of Accounting
Culverhouse School of Accountancy
University of Alabama
Cynthia A. Pierce
Partner-in-Charge, Higher Education
and Not-for-Profit Industry Practice
Crowe Horwath LLP
Andrew Prather*
Shareholder
Clark Nuber P.S.
Amy B. Robinson*
Vice President and Chief Financial Officer
The Kresge Foundation
Bennett M. Weiner
Chief Operating Officer
Better Business Bureau Wise Giving Alliance
Participating Observers
Dena Markowitz
Chief, Division of Investigations
Pennsylvania Bureau of Corporations and Charitable Organizations
(representing National Association of State Charity Officials)
Catherine E. Mickle (FASAC)
Chief Financial Officer
American Cancer Society
Christopher Cole
Senior Technical Manager and Not-For-Profit Expert Panel
Staff Liaison
American Institute of CPAs
Completed Service in 2015
Gregory B. Capin
Partner
Capin Course LLP
Larry Probus
Chief Financial Officer and Senior Vice President
World Vision U.S.
Laura Roos
Partner
Moss Adams LLP
Michael B. Tarnoff
Executive Vice President and Chief Financial Officer
Jewish Federation of Metropolitan Chicago
William G. Weldon
Chief Financial Officer
Roman Catholic Diocese of Charlotte, North Carolina
*New member in 2016
SERVING THE FINANCIAL STATEMENT USER
1. (l. to r.) GASB Chair Dave Vaudt, FASB Chair Russ Golden, and FASB Technical Director Sue Cosper; 2. FAF Trustee Ken Robinson; 3. FAF Trustee Terry Warfield; 4. (l. to r.) FAF Chairman Chuck Noski and FAF Vice Chair Dan Ebersole; 5. FAF Trustee Eugene Flood; 6. FAF President & CEO Terri Polley
1. GASB Vice Chair Jan Sylvis; 2. (l. to r.) FASB Planning and Control Manager Jane Gabriele and FASB Practice Fellow Marie Dhimmar; 3. FAF Senior Manager of Communications John Pappas; 4. (l. to r.) FASB Practice Fellow Jack Pohlman and FASB Assistant Director Cullen Walsh; 5. GASB Senior Project Manager Lisa Parker
1. (l. to r.) GASB Project Manager Paulina Haro-Camm and GASB Associate Practice Fellow Susannah Baney; 2. FASB Vice Chair Jim Kroeker; 3. FASB Member Tom Linsmeier; 4. FASB Member Marc Siegel; 5. FASB Member Daryl Buck; 6. FAF Trustee Michelle Seitz
1. (l. to r.) FAF Head of Government Affairs and External Relations Todd Cranford and FAF Executive Administrative Assistant Sherri Thomas; 2. FASB Assistant Project Manager—XBRL Melissa Nicholson; 3. FAF Trustee Nancy Kopp; 4. GASB Director of Research and Technical Activities Dave Bean; 5. FASB Member Larry Smith; 6. FASB Member Hal Schroeder