The Financial Accounting Standards Board has appointed PricewaterhouseCoopers partner Susan Cosper as its new technical director.
Cosper will replace Russell G. Golden, who was appointed a member of the board last September. Cosper brings more than 18 years of financial reporting and auditing experience to her new role with FASB. A PwC partner since 2007, she joined the firm’s assurance practice in 1992 and has performed financial statement audits and provided technical accounting advice for companies in the U.S. and abroad.
“I am delighted that Sue Cosper will be leading the FASB staff at this important point in time,” said FASB Chairman Leslie F. Seidman in a statement. “Sue’s deep technical knowledge and diverse experience with audits of a wide range of companies—large and small, domestic and global—will bring a broad perspective to this key management role.”
As technical director of FASB, Cosper will have primary responsibility for overseeing FASB staff work on all standards-setting projects, including major global and domestic projects and technical application and implementation of financial accounting and reporting standards. She will also serve as chair of FASB’s Emerging Issues Task Force.
Cosper began her career in the Pittsburgh office of PricewaterhouseCoopers, where she performed audits of private and public companies in PwC’s assurance practice. From 1998 to 2001, she accepted an international assignment in the firm’s London office. There, she led global audit engagements and advised clients on international accounting issues. After her return to Pittsburgh, in 2005 she was selected for a three-year fellowship with FASB, where she held the roles of practice fellow and senior practice fellow.
Upon completing the fellowship, she became part of PwC’s national office and most recently served in PwC’s Financial Instruments, Structured Products, and Real Estate Group in New York City. She earned her B.S. in accounting from Indiana University of Pennsylvania and is a CPA in the states of New York, New Jersey and Pennsylvania.
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