April 23, 2013

CAQ Congratulates New FASB Chairmain Russell Golden

Washington, DC – The Center for Audit Quality (CAQ) issued the following statement from Executive Director Cindy Fornelli regarding the Financial Accounting Foundation (FAF) naming Russell Golden Chairman of the Financial Accounting Standards Board (FASB):

“The public company auditing profession and the CAQ wish to congratulate Russell Golden on being named the next Chairman of the FASB. A member of the accounting profession who previously served on the FASB’s staff before being appointed to the Board in 2010, Russ has an ideal combination of technical knowledge and perspective on the big picture to serve investors and the public interest. We look forward to working with Russ in his new role.

We would also like to thank outgoing Chairman Leslie Seidman for her many contributions to investors, the auditing profession and the capital markets. First as a member of the Board, and now as Chairman, Leslie has consistently demonstrated her commitment to investors by pursuing high quality accounting standards that are responsive to investors’ changing information needs. We commend Leslie on her accomplishments at the FASB and wish her well in her future endeavors.”

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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, D.C., with an office in New York, NY, the CAQ is affiliated with the American Institute of Certified Public Accountants. For more information, visit www.thecaq.org.