Financial Accounting Foundation names Schroeder to lead review of accounting standards

The Financial Accounting Foundation (FAF) has announced that Mark Schroeder, a recently retired senior partner at Deloitte & Touche LLP, has been named post-implementation review leader.

Schroeder will assume responsibility for the development, implementation, and management of the post-implementation review of standards and other authoritative pronouncements issued by the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). He will report to Teresa S. Polley, FAF president.
 
“I am delighted to have the opportunity to lead the FAF’s post-implementation review process,” Schroeder told AccountingWEB.
 
“It’s extremely important to have the most complete understanding possible of whether issued standards are meeting their objectives, and this process will enable us to better understand the effects of standards once they are in place," he said. "We welcome involvement from advisory groups and other constituents in what will be an ongoing review process for both the FASB and GASB.”
 
During his extensive career with one of the nation’s top accounting firms, Schroeder has provided audit and advisory services for both domestic and multinational enterprises in a number of diverse industries, including banking, media, telecommunications, publishing, retail, cable, and broadcasting. He is a graduate of the University of Florida.
 
“I am very pleased to welcome Mark Schroeder to our organization in this important new role. The post-implementation review of accounting standards is of paramount importance to our Board of Trustees in its oversight of the standard-setting process, as well as to our constituents," Polley said. "With 40 years of diverse accounting and financial experience, Mark brings a broad background and perspective to this function, which will further enhance the independent standard-setting process of both Boards.”
 
About the Financial Accounting Foundation:
The FAF is responsible for the oversight, administration, and finances of both the Financial Accounting Standards Board (FASB) and its counterpart for state and local government, the Governmental Accounting Standards Board (GASB). The Foundation is also responsible for selecting the members of both Boards and their respective Advisory Councils.
 
Related articles:

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Upcoming CPE Webinars

Apr 17
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.