After news broke last week that Leslie Seidman would be closing her spreadsheets at the FASB for good, the Financial Accounting Foundation has announced that its other little bundle of joy, the GASB, is also on the hunt for a new Chair.
The chairman of the U.S. board that sets accounting standards for state and local governments will retire next June, a year ahead of the end of his term, the Financial Accounting Foundation said on Tuesday. Robert Attmore, a former auditor for New York state, has headed the nonprofit Governmental Accounting Standards Board (GASB) since July 2004.
No, the next GASB chair probably won't have to endure as many lectures from obscure Congressional subcommittees or receive nearly as much hate mail as his/her FASB counterpart, but they will get to watch state and local governments take their pension accounting medicine. That should be a hoot.