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Journal Entry — FASB — New Vice Chairman Named

Published on: Jul 24, 2013

The Financial Accounting Foundation (FAF) named James L. Kroeker as a member and the new vice chairman of the FASB. Mr. Kroeker, former chief accountant at the SEC, will fill this role to assist the new FASB chairman, Russell Golden, whose term began earlier this month. The vice chairman role, which was created early in the FASB’s history but then retired, was reinstated as a result of increasing demands on the FASB chairman’s time. Mr. Kroeker’s term begins September 1, 2013, and ends June 30, 2018, after which he will be eligible to serve another five-year term. His appointment as a FASB member fills the vacancy left by former FASB chairman Leslie Seidman.

Before serving as deputy chief accountant and later chief accountant at the SEC, Mr. Kroeker was a partner at Deloitte & Touche LLP in Wilton, CT, and a practice fellow at the FASB. He joins the FASB from his current role as deputy managing partner in Deloitte’s professional practice group in Washington, D.C.

For additional information, see the press release on the FAF’s Web site.

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