FAF trustees name new chair

Charles Noski, a retired Bank of America executive, will serve a three-year term.

Charles Noski, a retired vice chairman of Bank of America, has been elected chairman of the Financial Accounting Foundation (FAF) board of trustees.

Noski, who also has served as CFO of Bank of America, Northrup Grumman, AT&T, and United Technologies, began an initial three-year term on Jan. 1. He replaces Jeffrey Diermeier, whose term expired at the end of 2015.

Five additional new trustees also were named:

  • Charles Allen, a partner and vice chairman with Crowe Horwath LLP.
  • Christine Cumming, retired first vice president and COO of the Federal Reserve Bank of New York.
  • Eugene Flood Jr., a member of the board of directors of Janus Capital Group Inc.
  • Kenneth Robinson, former chief audit executive and global risk and compliance leader of Procter & Gamble.
  • Diane Rubin, retired audit partner and quality-control partner of Novogradac & Co. LLP.

In addition, Terry Warfield, chair of the Department of Accounting and Information Systems at the University of Wisconsin—Madison, was reappointed to a new three-year term as a trustee.

Noski began his career with Deloitte & Touche LLP in 1973, spending seven years as an audit partner. He also has served as chair of the Financial Accounting Standards Advisory Council.

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out