FASB APPOINTS TWO NEW MEMBERS
TO THE EMERGING ISSUES TASK FORCE
Norwalk, CT, March 6, 2017—The Financial Accounting Standards Board (FASB)
today announced the appointment of Kimber Bascom, partner-in-charge of
the Accounting Standards Group of KPMG's Department of Professional
Practice, and Lawrence Dodyk, an assurance partner in PwC's National
Professional Services Group, to the Emerging Issues Task Force (EITF).
The EITF assists the FASB in improving financial reporting through the
timely identification, discussion, and resolution of financial
accounting issues. Members of the EITF are chosen from a cross section
of the FASB's constituents, including public accounting firms, preparers
of financial statements, and users of financial statements.
"Kimber Bascom and Lawrence Dodyk bring significant expertise and deep
technical accounting experience to the EITF," stated EITF Chairman and
FASB Technical Director Susan M. Cosper.
"Their unique experience and perspectives will be a valuable addition
to EITF discussions around implementation, application, and other
emerging issues within existing GAAP."
Mr. Bascom leads the development of KPMG's policies, guidance, training,
publications, and other materials on U.S. accounting and financial
reporting matters provided to audit engagement teams and clients. As
KPMG's Global Leasing Standards Leader, he also leads the development of
the international firm's guidance and policies on the application of
U.S. and international financial reporting standards to leasing
transactions.
Mr. Dodyk, as a member of PwC's National Professional Services Group,
works closely with the firm's engagement teams and clients in addressing
complex accounting issues and is responsible for determining PwC's
position on accounting and financial reporting matters including
proposed standards from the FASB, the IASB, and other standard setters.
Mr. Dodyk is also the U.S. leader of PwC's global Business Combinations
group and is a primary author of several of the firm's technical
guidance and thought leadership publications.
Mr. Bascom, who will join the EITF effective immediately, will replace
current EITF member Robert Malhotra. Mr. Dodyk, who will join the EITF
beginning with the June 8, 2017 EITF meeting, will replace current EITF
member John Althoff, whose term ends after the March 16, 2017 EITF
meeting.
More information on the EITF, including current members, agenda, and meeting schedule, can be found here.