LESLIE SEIDMAN has taken up the reins at US standard-setting body FASB.
Seidman replaces Bob Herz, who retired in August.
SEC chairman Mary Schapiro commended Seidman for her continued service at FASB, having served with the standard setter since 2003.
“Her experience will facilitate the progress of important initiatives on the FASB agenda as they seek to continually improve the quality of financial reporting standards for the benefit of investors,” said Schapiro.
Seidman has previously favoured looser rules around fair value accounting, where her predecessor Herz backed a strict interpretation.
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Long-serving PwC director Fiona Westwood has moved to Smith & Williamson and stepped up to partner