Dennis R. Beresford
is Executive in Residence at the J. M. Tull School of Accounting, Terry College of Business, University of Georgia. From July 1997 through June 2013 he was Ernst & Young Executive Professor of Accounting. From January 1987 through June 1997 he was chairman of the Financial Accounting Standards Board. Previously, he was national director of accounting standards for Ernst & Young. He is a graduate of the University of Southern California. Mr. Beresford is a director and chairman of the audit committee of Doosan Infracore International, Inc. He previously served on the boards of National Service Industries, Inc., WorldCom (MCI), Inc., Kimberly-Clark Corporation, Fannie Mae, and Legg Mason, Inc. He is also a member of the board of directors of the National Association of Corporate Directors, the Public Company Accounting Oversight Board Standing Advisory Group, and the Financial Reporting Committee of the Institute of Management Accountants.
is the partner-in-charge of the Accounting Group of KPMG’s Department of Professional Practice – Audit in New York, New York. Prior to joining the Department of Professional Practice in 1997, Mr. Bielstein served as an audit engagement partner in KPMG’s San Antonio, Texas office for clients in the hospitality, real estate, construction, oil and gas, and investment services industries. He also served as the Professional Practice Partner for the San Antonio office. Mr. Bielstein is a member of the Emerging Issues Task Force of the Financial Accounting Standards Board. He also is a member of the Financial Reporting Committee of theInstitute of Management Accountants. He is a former member of the Financial Accounting Standards Advisory Council of the FASB and a former member and chairman of the American Institute of CPAs' Accounting Standards Executive Committee.
Susan M. Cosper
was named Technical Director of the Financial Accounting Standards Board in February 2011. Prior to her appointment, she was a partner with PricewaterhouseCoopers. Ms. Cosper joined the Pittsburgh office of PricewaterhouseCoopers in 1992, where she performed audits of private and public companies in PwC’s Assurance practice. From 1998 to 2001, she accepted an international assignment in the firm’s London office. There, she led global audit engagements and advised clients on international accounting issues. After her return to Pittsburgh, in 2005 she was selected for a three-year fellowship with the FASB, later becoming part of PwC’s national office.
Carol Anthony (John) Davidson
, a CPA who holds an MBA from the University of Rochester, has been a member of the Financial Accounting Foundation Board of Trustees since January 2011, and chairs the FAF Audit and Compliance Committee, co-chairs the Standard-Setting Process Oversight Committee, and serves on the Executive Committee.Mr. Davidson is retired senior vice president, controller, and chief accounting officer of Tyco International, where he worked as part of the new Tyco management team that was brought in to remake the company and address the accounting, governance and business conduct issues which were well publicized during the 2001 timeframe. Prior to joining Tyco in January 2004, Mr. Davidson worked at Dell Inc. for six years, and during that time served in a number of senior capacities including, vice president, audit, risk and compliance, chief compliance officer, vice president and corporate controller, and vice president of internal audit. Currently Mr. Davidson serves on the boards of the Financial Industry Regulatory Authority, DaVita HealthCare Partners Inc., Pentair Ltd., St. John Fisher College, and the University of Rochester.
Jeffrey J. Diermeier
was appointed chairman of the Financial Accounting Foundation Board of Trustees in October 2012. In his role as FAF chairman, Mr. Diermeier focuses primarily on strategic initiatives, provides vision and leadership to the Board of Trustees in achieving the FAF’s oversight activities, consults regularly with the FASB and GASB chairs, and works closely with the FAF president. He also is a member of its Executive Committee. Mr. Diermeier is a director and chair of the audit committee of Janus Capital Group, is chairman of L. B. White Company and a director of Adams Street Partners. He was formerly president and CEO of CFA Institute and global chief investment officer of UBS Global Asset Management.
Russell G. Golden
began his term as the seventh chairman of the Financial Accounting Standards Board on July 1, 2013. He was initially appointed to the FASB in 2010, after serving for six years on the FASB staff. Mr. Golden’s term as chairman extends to June 30, 2017, when he will be eligible for appointment to an additional term of three years. Mr. Golden brings to his role deep experience in technical accounting issues. From 2008 to September 2010, he was Technical Director of the FASB, overseeing FASB staff work on accounting standards and technical application and implementation activities. He also chaired the FASB’s Emerging Issues Task Force.
Robert H. Herz
was chairman of the Financial Accounting Standards Board from 2002 to 2010. He was also one of the original members of the International Accounting Standards Board. He was a partner with PricewaterhouseCoopers for many years, including serving as audit partner on numerous major companies, as head of the firm’s Corporate Finance Advisory Services, as senior technical partner, as member of the firm’s US and Global Boards, and as President of the Coopers & Lybrand and PricewaterhouseCoopers foundations. He has chaired a number of professional committees, including the IFAC Transnational Auditor’s Committee and the SEC Regulations Committee of the American Institute of CPAs and has served on numerous public policy commissions. Mr. Herz has authored or coauthored over 40 books, articles and published papers and is a frequent speaker at major financial reporting and business conferences. He is a member of the Accounting Hall of Fame.
Edmund L. Jenkins served as chairman of the Financial Accounting Standards Board from July I, 1997 through June 30, 2002. Previously, he was a senior partner with Arthur Andersen and managing partner of the Professional Standards Group of its worldwide practice until he retired from the firm in 1996. Mr. Jenkins was a founding member of the Emerging Issues Task Force. He also served as chair of the American Institue of CPAs Special Committee on Financial Reporting. In 2005 Mr. Jenkins was admitted to the Accounting Hall of Fame as its 78th member. Also in 2005 he was the recipient of the Special Recognition Award of the AICPA for his lifetime achievements in the accounting profession. The Professional Standards Group led by Mr. Jenkins represented Arthur Andersen before the FASB and federal regulators, including the Securities and Exchange Commission, with respect to accounting, auditing, and financial reporting matters. During his 38-year career at the firm, he also served as managing partner of its accounting and audit practice, holding worldwide responsibility for the largest segment of the firm's professional practice.
Gregory J. Jonas became Director of the Office of Research and Analysis of the Public Company Accounting Oversight Board in August 2012. The Office of Research and Analysis supports and informs the audit oversight activities of the PCAOB through research, risk assessment, data analysis and knowledge management. Prior to joining the PCAOB, Mr. Jonas was the Managing Director in the Equity Research Group at Morgan Stanley. Previously, he spent six years as a Managing Director at Moody’s Investors’ Service. Mr. Jonas spent 23 years at Arthur Andersen, where he began as a staff accountant before becoming a partner and then managing director in the Professional Standards Group. He ended his tenure there leading the technical functions that supported Andersen’s worldwide audit practice. Earlier in his career, Mr. Jonas served as Executive Director of the American Institute of CPAs Special Committee on Financial Reporting, which represented a major effort by the U.S. CPA profession to improve the relevance and reliability of the information companies report to investors. He also served as a Practice Fellow at the Financial Accounting Standards Board, where he addressed emerging practice problems.
Donald J. Kirk started his professional career with Price Waterhouse in 1959 and from 1967 to 1973 was a partner. From 1973 to 1987 he was a member of the Financial Accounting Standards Board, serving as chairman for nine years. From 1987 to 1995 he was a professor at Columbia University Graduate School of Business and from 1995 to 2000 was an executive-inresidence at the School. From 1987 to 2005 Mr. Kirk served on the governing boards of for-profit corporations and financial and professional self regulatory organizations. Since moving to Greenwich, Connecticut in 1970 he has been an active citizen of that community, having served as a member of the Town's Representative Town Meeting and of its Board of Estimate and Taxation. He is a long-time trustee of and volunteer at Greenwich Hospital and previously served as its chairman of the board. After serving as a U.S. Naval Aviator (1953–1957), Mr. Kirk received a BA degree from Yale University (1959) and a MBA. degree from New York University (1961). He became a Certified Public Accountant in New York State in 1963.
James L. Kroeker began his term as a member and vice chairman of the Financial Accounting Standards Board on September 1, 2013. Prior to joining the FASB, Mr. Kroeker was the Deputy Managing Partner in the Professional Practice group of Deloitte. Mr. Kroeker served as the Chief Accountant of the Securities and Exchange Commission from January 2009 until his departure in 2012. In this capacity, Mr. Kroeker served as the senior accounting professional for the Commission and the principal advisor to the Commission on all accounting and auditing matters. In his capacity at the SEC, he was responsible for resolution of a wide range of globally significant accounting and auditing issues. Mr. Kroeker also served as the Designated Federal Officer responsible for the staff oversight of the SEC's Advisory Committee on Improvements to Financial Reporting. He also was responsible for the day-to-day operations of the office, including resolution of accounting and auditing practice issues, rulemaking, and oversight of the FASB and Public Company Accounting Oversight Board.
James J. Leisenring was appointed Senior Advisor to the Financial Accounting Standards Board in July 2010 at the culmination of his service on the International Accounting Standards Board. Mr. Leisenring was appointed a member of the International Accounting Standards Board and its liaison member to the FASB in 2001. At the time of his appointment he was Director of International Activities at the FASB. Mr. Leisenring first joined the staff of the FASB in 1982 as director of research and technical activities and became chairman of the Emerging Issues Task Force when it was formed in 1984. Mr. Leisenring was appointed as a member of the FASB in October 1987 and was appointed its vice chairman in January 1988 where he served until June 2000. Mr. Leisenring is a member of the Accounting Hall of Fame.
Timothy S. Lucas was Director of Research and Technical Activities for the Financial Accounting Standards Board from 1988 to 2002. During that same period he served as the Chairman of the Emerging Issues Task Force. Previously he was a FASB project manager from 1979 to 1985, leading the Board’s projects on Employers’ Accounting for Pensions and participating in various aspects of the Conceptual Framework. Since 2002 he has been an independent consultant on GAAP issues, primarily serving as a consultant and expert witness in connection with litigation.
Charles H. Noski is chairman of the Financial Accounting Standards Advisory Council. He retired as vice chairman of Bank of America in 2012. From 2010 to 2011, he was executive vice president and chief financial officer, responsible for finance and other functions, including treasury, investor relations, strategy planning and development, and corporate investments. Mr. Noski serves on the boards of directors of Avery Dennison, Avon Products, and Microsoft, and chairs the audit committees of Avon and Microsoft. During 2000 to 2010, he was also a board member of Air Products & Chemicals, Automatic Data Processing, Morgan Stanley, and Northrop Grumman, and served as a senior advisor to Bain & Company and the Blackstone Group. From 2003 to 2005, Mr. Noski was corporate vice president and chief financial officer of Northrop Grumman. From 1999 to 2002, he was senior executive vice president and chief financial officer of AT&T Corporation, retiring as vice chairman of the board of directors after the completion of the company’s restructuring.
Teresa S. Polley was appointed president of the Financial Accounting Foundation in May 2008, and was promoted to the role of President and Chief Executive Officer in 2010. She brings over 20 years of experience with FAF and the Financial Accounting Standards Board to the position. Prior to her appointment, Ms. Polley served as executive director of Advisory Groups for the FASB. In this role, she was primary liaison between the Board and its constituent organizations that provide input into its decision making processes.
Katherine A. Schipper is the Thomas F. Keller Professor of Business Administration at Duke University’s Fuqua School of Business. Ms. Schipper holds a BA degree from the University of Dayton, MBA, MA and PhD degrees from the University of Chicago and honorary degrees from Notre Dame University, the Norwegian School of Economics and the Stockholm School of Economics. Prior to joining Duke University’s faculty, she was a board member of the Financial Accounting Standards Board. She has also been a faculty member at Carnegie Mellon University and the University of Chicago. Ms. Schipper has published research papers on a wide range of topics in financial reporting, corporation finance and corporate governance. She is a frequent speaker on matters related to international accounting convergence, financial reporting standard setting and financial reporting quality. She has been named the American Accounting Association’s Outstanding Educator and Distinguished International Lecturer, and has been elected to the Accounting Hall of Fame.
Leslie F. Seidman served as chairman of the Financial Accounting Standards Board from December 2010 through June 2013. She was originally appointed as a member of the FASB in July 2003. Ms. Seidman led the FASB during the later stages of the financial crisis, major international convergence efforts, and the formation of the Private Company Council. Previously, Ms. Seidman was an auditor with Arthur Young & Co., Vice President of Accounting Policy at J.P. Morgan & Co., and member of the FASB staff, first as an Industry Fellow, and later as the Assistant Director of Technical Activities. Ms. Seidman also managed a consulting firm and authored the book, Financial Instruments, currently in its 11th edition with CCH. Ms. Seidman was recently named CPA of the year by the American Woman’s Society of CPAs, and has received numerous other distinctions. She is a graduate of Colgate University and NYU Stern School of Business.
Lawrence W. Smith joined the Financial Accounting Standards Board in 2007, and was reappointed to a second five-year term effective July 1, 2012. As part of the seven-member FASB, he is responsible for advancing the Board’s mission to establish and improve financial accounting and reporting standards to increase transparency for users of financial reports, increasing investor confidence in the capital markets. Prior to his appointment, Mr. Smith spent five years as Director, Technical Application and Implementation Activities, of the FASB. In this role, he managed FASB activities related to application and implementation issues, and served as Chairman of its Emerging Issues Task Force (EITF).