The Board of Trustees of the Financial Accounting Foundation announced that Robert H. Attmore, chairman of the Governmental Accounting Standards Board, will retire in June 2013.

The GASB chairman since July 2004, Attmore is also a former auditor and deputy comptroller for New York State. He has also previously been a frequent member of Accounting Today’s Top 100 Most Influential People in Accounting.

“On behalf of the Board of Trustees and, more importantly, taxpayers, municipal bond investors, and state and local government officials across the country, I want to offer my sincere thanks to Bob for nine years of thoughtful and dedicated leadership of the GASB,” said John J. Brennan, chairman of the FAF Board of Trustees, in a statement. “During Bob’s tenure, the GASB has tackled such important – and difficult – accounting issues as pensions and other retirement benefits, derivatives, municipal bankruptcies, and fund balance reporting with professionalism and a regard for the concerns of every affected party. I look forward to continuing to work with Bob until next year, when he begins his well-deserved retirement.”

“Serving as the GASB chair has been a distinct honor, particularly as we’ve worked through some key areas of financial reporting in the public sector,” Attmore said in a statement. “After balancing the GASB’s accomplishments and the ongoing work of the Board with my desire to devote more time to my family in the Albany, New York area, I made the decision to retire next year. While the GASB continues to have important work underway, the next nine months will provide adequate time for us to ensure a smooth transition to new leadership.”

Attmore’s appointment as GASB chairman was effective July 1, 2004, with his second and final five-year term beginning on July 1, 2009. Attmore’s prior role as New York State’s deputy state comptroller and state auditor spanned from 1986 to 2003.

Attmore also served as president of the National State Auditors Association and held leadership positions with the Association of Government Accountants and the National Association of State Auditors, Comptrollers and Treasurers. He is a CPA, Certified Government Financial Manager and Villanova University graduate.

The FAF will begin the search for Attmore’s successor soon, Brennan stated.

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