Question
What is your view on this? Please see below. FAF did not make a mistake with its selection of Joel Black as the next GASB
What is your view on this? Please see below.
FAF did not make a mistake with its selection of Joel Black as the next GASB chairman. The first two facts are FAF's "responsibility to protect the independence of GASB and FASB, and have not identified any particular background requirements for a newly GASB chairman." Researching Joel Black's background provides the argument for FAF's decision - "overseeing the audit practices of firms with eight offices throughout five states. He has personally led engagements for diverse government clients, from communities of fewer than 10,000 residents to states and state agencies, large counties and cities, school districts, and special-purpose entities with multi-billion-dollar budgets." FAF bringing in such a broad perspective can aid with standards-setting and independence for GASB as well as providing a well-rounded chairperson to the GASB board, help future projects.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started