The board of trustees of the Financial Accounting Foundation appointed 10 new members Monday to the Financial Accounting Standards Advisory Council and six new members to the Governmental Accounting Standards Advisory Council.

The Financial Accounting Standards Advisory Council is responsible for advising the Financial Accounting Standards Board on strategic issues, project priorities and other matters that affect accounting standard setting. The new members of FASAC will serve a one-year term beginning Jan. 1, 2014, and are eligible to be reappointed for three additional one-year terms.

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