November 16, 2016

The CAQ Congratulates Reappointed FASB Chairman and New Board Members

Washington, DC – Center for Audit Quality (CAQ) Executive Director Cindy Fornelli issued the following statement on the reappointment of Russell Golden as Chairman of the Financial Accounting Standards Board (FASB) and the appointment of Marsha L. Hunt and Harold Monk as members of the Board.

“Russ is a proven visionary and effective leader of FASB, having overseen major accounting standard updates on important issues such as revenue recognition, leases, and credit losses during his first term. The CAQ congratulates him on his reappointment as Chairman. 

“The CAQ welcomes Marsha Hunt and Harold Monk to the Board. Their experience in auditing and accounting will help to bring valuable perspectives as the Board considers financial accounting and reporting standards.

“We look forward to working collaboratively with Russ and the entire FASB Board.”

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The Center for Audit Quality (CAQ) is an autonomous public policy organization dedicated to enhancing investor confidence and public trust in the global capital markets. The CAQ fosters high quality performance by public company auditors, convenes and collaborates with other stakeholders to advance the discussion of critical issues requiring action and intervention, and advocates policies and standards that promote public company auditors’ objectivity, effectiveness, and responsiveness to dynamic market conditions. Based in Washington, DC, the CAQ is affiliated with the American Institute of CPAs. For more information, visit www.thecaq.org.