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The Board of Trustees of the FinancialAccounting Foundation (FAF) has announced the appointment of Robert W. Scott to a five-year term on the Governmental Accounting Standards Board (GASB). She is the former Colorado state auditor, having served in that role for 10 years. Prior to becoming a state auditor, Ms.
At the meeting, the Board will consider issuing for public comment a proposal to amend PCAOB Rule 3502, Responsibility Not to Knowingly or Recklessly Contribute to Violations. A number of accounting firms,1 public companies, professional membership associations and other key stakeholders raised concerns.
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The survey polls chief executive officers, chief financial officers, controllers and other certified publicaccountants in U.S. companies who hold executive and senior management accounting roles. Nitti, a resident of Colorado, currently serves as the vice-chair for AICPA’s S Corporation Technical Resource Panel.
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