Noski Named FASAC Chairman; MF Global Among Topics Discussed By Group
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Last week, FASB’s parent body, the Financial Accounting Foundation (FAF), announced [1] the appointment of Charles H. (‘Chuck’) Noski as Chairman of the Financial Accounting Standards Advisory Council (FASAC). [2]Noski, appointed for a three-year term beginning Jan. 1, 2012, succeeds Dennis H. Chookaszian as FASAC Chairman.
FASAC generally meets four times a year, with its most recent meeting taking place last week.
BNA’s Denise Lugo reported on remarks of the current FASAC Chairman, Chookaszian, at last week's FASAC meeting, in her article FASAC Chairman: MF Global's Accounting Method More Leveraged Than Lehman's [3] (subscription required).
Read more about the new FASAC Chairman, Chuck Noski, and more about the discussion among FASAC and FASB board members about MF Global at last week's FASAC meeting, here. [4]