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FASB and GASB Become More Democratic

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Norwalk, Conn. (February 26, 2013)

By Michael Cohn

(Page 2 of 2)

Marc Siegel

“During his first term with the FASB, Marc’s expertise in the field of forensic accounting brought a strong investor perspective to the FASB’s deliberations of some of the most critical financial reporting issues of our time,” said Diermeier in a statement. “We look forward to continuing to reap the benefits of his considerable experience and insight during his upcoming term.”

Siegel began his first term as a member of the FASB in October 2008. As a member of FASB, he has played a key role in enhancing investor outreach, initiating dialogue with investors on key FASB projects, providing regular updates to investors on those projects, and facilitating forums, roundtables, and other activities to solicit investor perspectives.

Prior to joining FASB, Siegel led the Accounting Research and Analysis team at the RiskMetrics Group in Rockville, Md. A recognized expert in forensic accounting with over 20 years of experience in global industries including technology, media, telecommunications, healthcare, retail, and insurance, Siegel served on the FASB Investor Technical Advisory Committee from January 2007 until his appointment to FASB.

1 Comment

Both organizations will now be closer to the common people. A real business in the fierce competition on the market is trying to stay and meet with many difficulties in calculating the income tax. Framework of tax policy should respond to the real problems of serious business. Otherwise, the business will cease to grow and not receive enough budget funds in the form of income taxes.

Posted by: nadezdamindyuk | February 27, 2013 7:49 AM

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