FASB technical director Susan Cosper promoted to board member

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The Financial Accounting Foundation’s board of trustees has appointed Susan M. Cosper, technical director of the Financial Accounting Standards Board, as a member of the FASB board.

In addition to being the longtime technical director at FASB, Cosper also chairs FASB’s Emerging Issues Task Force. Her term starts on May 1, 2019 and runs through June 30, 2024.

Prior to joining FASB, Cosper was a partner at PricewaterhouseCoopers LLP, most recently in PwC’s Financial Instruments, Structured Products, and Real Estate Group in New York City. She worked before that at PwC offices in Florham Park, New Jersey; Pittsburgh, Pennsylvania; and London. She will succeed Harold L. Monk, Jr., who resigned from FASB last year.

“On behalf of the FAF Board of Trustees, I am very pleased that Sue will be joining the FASB as a member,” said Charles H. Noski, chairman of the FAF Board of Trustees, in a statement. “As a true collaborator, Sue has built an extensive network among the FASB’s various stakeholder groups. She has a strong reputation among these constituents as a strategic thinker and good listener in the pursuit of better accounting standards.”

Cosper will serve as the official FASB liaison to the Private Company Council, succeeding FASB member Marsha Hunt in that role.

“Sue Cosper is an outstanding choice for the FASB and will make significant contributions to the Board during her tenure,” said FASB chairman Russell G. Golden. “Sue has been at the vanguard of the FASB’s culture change to better incorporate private company and not-for-profit perspectives throughout the standard-setting process. As the FASB’s technical director since 2011, she has been intimately involved in every major board activity and has served as a mentor to the FASB staff. Sue’s deep knowledge of our standard-setting process and her consideration of various stakeholder perspectives are great assets for the board.”

FASB has posted a video on YouTube featuring Cosper.

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Accounting standards Financial reporting Russell Golden FASB Financial Accounting Foundation