FASB names members of Emerging Issues Task Force

The Financial Accounting Standards Board announced the members of its Emerging Issues Task Force on Thursday.

Historically, the role of the EITF was to help the FASB develop accounting standards. Now, the task force’s focus will be advising the board on potential issues to add to its agenda and suggesting solutions to those issues. 

The new members are:

• Thomas Barbieri, chief accountant of  PricewaterhouseCoopers;
• Paul Beswick, chief accountant of Ernst & Young; 
• Jack Ciesielski, president of R.G. Associates;
• David Gonzales, vice president — senior accounting analyst at Moody’s Investors Service;
• Robert Malhotra, chief accountant of KPMG; 
• Kevin McBride, corporate controller and chief accounting officer at ServiceNow;
• Dan Palomaki, managing director at Citigroup;
• Jeremy Perler, managing partner of Schilit Forensics;
• Matthew Schell, chief accountant of Crowe;
• Kate Sturgess, controller and chief accounting officer of American Electric Power; and,
• Curt Weller, chief accountant of Deloitte & Touche.

“During our recent agenda consultation, stakeholders suggested potential improvements to enhance the efficiency of the interpretive process and more effectively utilize the resources of this talented group of professionals,” FASB chair Richard Jones said in a statement. “Based on that feedback, we revised the EITF’s membership makeup and operating procedures in ways aimed at achieving those objectives and maintaining the transparency that is critical to the group’s process.”

FASB plans to host an EITF meeting in June. 

Separately, the Federal Accounting Standards Advisory Board is also looking for candidates to fill three upcoming member vacancies. One new member will serve a five-year term beginning Nov. 1, and two new members will serve five-year terms beginning Jan. 1, 2026.