The Board of Trustees of the Financial Accounting Foundation has announced the appointment of nine new members to the Financial Accounting Standards Advisory Council (FASAC). The FASAC is responsible for advising the Financial Accounting Standards Board (FASB) on technical issues, project priorities, and other matters that affect standard setting.

The following new members will begin their term effective Jan. 1, 2011:

Charles Bobrinskoy, vice chairman, Ariel Investments;

Gail Hanson, deputy executive director, State of Wisconsin Investment Board;

Alan Meder, senior vice president, Duff & Phelps Investment Management Company;

Prat Bhatt, vice president, corporate controller and principal accounting officer, Cisco Systems;

Marc Delametter, vice president of accounting and controller, QuikTrip Corporation;

Jamie Miller, vice president, controller and chief accounting officer, General Electric;

Carmen Bailey, partner, KPMG;

Sandra Peters, head of Financial Reporting Policy Group, CFA Institute; and

Samuel Levenson, senior vice president of investor relations, Sony Corporation of America.

Members of the FASAC are chosen from a broad cross-section of the FASB’s constituencies, including preparers, users, practitioners, associations, academics, and others interested or involved in financial reporting. They are selected based on their professional expertise and in consideration of the need to bring a wide variety of constituent views to the table.

In addition to the new appointees, the FAF reappointed FASAC Chairman Dennis Chookaszian and 27 current FASAC members.

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