The chairmen of the Financial Accounting Standards Board and the Governmental Accounting Standards are both set to retire on June 30 as their terms near an end.

[IMGCAP(1)]Their parent organization, the Financial Accounting Foundation, as well as the American Institute of CPAs, released statements to commemorate the service of FASB chair Leslie Seidman and GASB chair Robert Attmore, and mark the transition to new leadership at the standard-setting boards. FASB member Russell Golden will be taking the helm at FASB on July 1, while Iowa Auditor of State David A. Vaudt will become chairman of GASB the same day (see Russell Golden to Chair FASB and Iowa Auditor of State David Vaudt to Chair GASB).

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