Deloitte partner joins FASB
FASB appoints "post-implementation review leader"
A former Big Four partner has been hired by the US accounting standard setter
to review new rules after their release.
Recently retired Deloitte partner Mark Schroeder has been hired by FASB as
the board’s first “post-implementation review leader”,
Reuters
news agency reports.
FASB and its US counterpart the International Accounting Standards Board are
overhauling a number of major accounting standards including impairment and
hedge accounting.
The IASB is also planning to bring in a post-implementation review of its
projects.
Further reading:
FASB
hires expert to review how new rules perform
Europe
must stop its meddling, says FASB chief