News Release 02/23/16

FAF NAMES CHRISTINE ANN BOTOSAN
AS MEMBER OF THE FINANCIAL ACCOUNTING STANDARDS BOARD


Norwalk, CT—February 23, 2016—The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the appointment of Christine Ann Botosan, Professor of Accounting at the David Eccles School of Business at the University of Utah, to the Financial Accounting Standards Board (FASB).

Ms. Botosan’s term will begin on July 1, 2016 and conclude on June 30, 2021, when she will be eligible for appointment to an additional term of five years. She will replace Thomas J. Linsmeier, who joined the FASB in July 2006 and whose second and final term concludes on June 30, 2016.

“Christine’s deep understanding of the relationship between high-quality accounting standards and the capital markets will make her a valuable addition to the FASB,” said Charles H. Noski, chairman of the FAF Board of Trustees. “The combination of her extensive background in academia and her expertise in financial statement analysis and valuation will bring a unique perspective to the FASB—especially as it continues to serve users of financial reports by improving financial accounting and reporting standards.”

“I’m very pleased to welcome Christine to her new role as a FASB member,” said FASB Chair Russell G. Golden. “Christine has a broad knowledge of accounting issues, and her wide experience provides her with an understanding of financial accounting from various perspectives. We look forward to working with Christine, and know she will be a great asset to the organization.”

Ms. Botosan has served in a variety of roles during her tenure at the David Eccles School of Business at the University of Utah. In addition to her tenure as a professor, she currently serves as a leadership fellow in the office of the vice president, and as the George S. and Dolores Dore Eccles Presidential Chair in Ethical Financial Reporting. She was previously the associate dean of graduate affairs, and an associate professor of accounting.

Prior to joining the University of Utah in 1999, Ms. Botosan was an assistant professor of accounting at Washington University in St. Louis, Missouri.

Ms. Botosan has served the academic community in numerous ways, and is currently the immediate past president of the American Accounting Association (having been president from 2014–2015).

A certified valuation analyst, Ms. Botosan received her Ph.D. in business administration from the University of Michigan and received a bachelor’s degree in business administration from Wilfrid Laurier University in Ontario, Canada.


About the Financial Accounting Foundation

Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB establish and improve financial accounting and reporting standards—known as Generally Accepted Accounting Principles, or GAAP—for public and private companies, not-for-profit organizations, and state and local governments in the United States. For more information, visit www.accountingfoundation.org.

About the Financial Accounting Standards Board

Established in 1973, the FASB is the independent, private-sector organization, based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit www.fasb.org.