Financial Accounting News

KPMG Partner Appointed as Technical Director of Accounting Board

May 27, 2020, 6:08 PM

KPMG LLP partner Hillary Salo will serve as the next technical director of the U.S. accounting rulemaker, the Financial Accounting Standards Board said Wednesday.

The board’s technical director leads FASB’s 75-person research team and directs standard-setting projects. The director also serves as chair of FASB’s Emerging Issues Task Force, a panel of outside accounting experts that tackles narrow accounting questions and makes suggestions to FASB to clarify accounting rules.

  • Salo, who will start at the Norwalk, Conn.-based FASB in August, replaces former FASB technical director Sue Cosper. Cosper became a member of the seven-member FASB in April 2019....
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