New Leader to Review Post-Implementation of FASB, GASB Standards
The Financial Accounting Foundation, the parent organization of FASB and GASB, has named Mark Schroeder, a recently retired senior partner at Deloitte & Touche LLP, to the newly created position of post-implementation review leader.
In this role, Schroeder will assume responsibility for the development, implementation and management of the post-implementation review of standards and other authoritative pronouncements issued by FASB and GASB.
“It’s extremely important to our constituents that we have the most complete understanding possible of whether issued standards are meeting their objectives,” said FAF spokesperson Neal McGarity. “Enhancing our understanding of the effects of standards once they are in place will be an ongoing effort for both the FASB and the GASB. Bringing Mark Schroeder on board to lead post-implementation review is a direct reflection of the entire organization’s commitment to issue the best standards we can, and to also have the best process we can.”
Schroeder’s work will be enhanced by input from advisory groups and other constituents, McGarity added.
During his roughly 40-year career, Schroeder has provided audit and advisory services for both domestic and multinational enterprises in a number of diverse industries including banking, media, telecom, publishing, retail, cable and broadcasting.
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