Financial Accounting Foundation

FASB chairman Herz retiring

Financial Accounting Standards Board Chairman Herz retiring after 8 years. The head of the rule-setting board for corporate accounting is retiring after a tenure that included a momentous encounter with Congress in the wake of the financial crisis.
 

FASB chief to retire and board size to increase

NEW YORK (Reuters) - The chairman of the Financial Accounting Standards Board, which sets U.S. accounting rules, said on Tuesday he is retiring after more than eight years at the helm.
 

AP Executive Morning Briefing

AP Executive Morning Briefing. The top business news from The Associated Press for the morning of Friday, June 26, 2009:
 

Accounting board's lobbyists stress independence

Accounting board, with history of pressure from Congress, lobbying for independence. The rule-setting board for corporate accounting has a rocky history of bumping up against lawmakers often acting at the behest of powerful business interests. It has been criticized by some as spineless in the face of pressure from Congress.