Financial Accounting Foundation Appoints Six New Members to the Governmental
Accounting Standards Advisory Council
Norwalk, CT, December 4,
2012—The Board of Trustees of the Financial Accounting Foundation (FAF)
today announced the appointment of six new members to the Governmental
Accounting Standards Advisory Council (GASAC). The new members will serve
two-year terms beginning January 1, 2013. The GASAC is responsible for advising
the Governmental Accounting Standards Board (GASB) on technical issues, project
priorities, and other matters that affect standards setting for accounting and
financial reporting by state and local governments.
Members of the GASAC
are chosen from a cross-section of the GASB’s state and local government
constituencies, including users, preparers, and auditors of financial
information. GASAC members are selected on the basis of their professional
expertise and the depth and variety of experience they bring to their work on
the Council.
The following is a list of the newly appointed members and
the constituent organizations that nominated them:
- James Lanzarotta, Partner and National Practice Leader,
Government Services Group, Moss Adams, LLP, representing the American
Institute of Certified Public Accountants
- Robert M. Reardon, Senior Investment Officer, State Farm
Insurance, representing insurance industry investors
- Gilbert L. Southwell, Vice President & Senior
Municipal Analyst, Wells Capital Management, representing the National
Federation of Municipal Analysts
- Ronald C. Green, Controller, City of Houston, Texas,
representing the National League of Cities
- Tasha N. Repp, Partner, Tribal Services Group, Moss Adams
LLP, representing the Native American Finance Officers Association
- Perry E. James, Chief Financial Officer, City of Raleigh,
North Carolina, representing the U.S. Conference of Mayors.
In
addition to the new appointees, the FAF reappointed 10 current members of the
GASAC to two-year terms. Four GASAC members–Terrill Menzel, Michael Zaroogian,
Randy Riggs, and Ryan Claw–will complete their service at the end of December
2012.
“We are proud to welcome Jim, Bob, Gil, Ron, Tasha, and Perry to
the GASAC,” said Martin J. Benison, chairman of the GASAC. “Their deep and
diverse experience in public sector financial reporting will be valuable in
providing the GASB with feedback needed to achieve its goal of continually
improving accounting standards used by state and local governments. We also want
to thank Terry, Mike, Randy, and Ryan for their outstanding contributions to the
GASAC.”
“On behalf of the FAF, I am pleased to welcome our new GASAC
members,” added FAF President and Chief Executive Officer Teresa S. Polley. “All
of these individuals have demonstrated a commitment toward greater clarity and
well-informed decision making in public sector financial reporting. We are very
confident that they will provide valuable insights and important perspectives to
the GASAC and the Board.”
About the Financial Accounting
Foundation
The FAF is responsible for the oversight,
administration, and finances of both the Financial Accounting Standards Board
and its counterpart for state and local government, the Governmental Accounting
Standards Board. The FAF also is responsible for selecting the members of both
Boards and their respective Advisory Councils.
About the
Governmental Accounting Standards Board
The GASB is the
independent, not-for-profit organization formed in 1984 that establishes and
improves financial accounting and reporting standards for state and local
governments. Its seven members are drawn from the Board’s diverse constituency,
including preparers and auditors of government financial statements, users of
those statements, and members of the academic community. More information about
the GASB can be found at its website, www.gasb.org.