The Financial Accounting Foundation has selected Michael Granof, a professor at the McCombs School of Business at the University of Texas at Austin, to serve as a member of the Governmental Accounting Standards Board.

He has been a member of the faculty at the school since 1972.  Appointed in 1984 to his current role as the Ernst & Young Distinguished Centennial Professor, he served as chairman of the school’s accounting department from 1984-1988. Concurrently, he is also a professor of public affairs at the Lyndon B. Johnson School of Public Affairs of the University of Texas at Austin, a position he has held since 1999.

Granof has focused on government accounting and auditing issues throughout his career. In addition to writing a number of articles and textbooks on these subjects, he is currently a part-time member of the Financial Accounting Standards Advisory Board for the federal government, and he previously was a member of the National Council of Governmental Accounting, the AICPA Committee on Governmental Accounting and Auditing, the U.S. Comptroller General’s Advisory Council on Government Auditing Standards, and various committees of the Texas Society of CPAs.

Granof begins his term on the GASB effective July 1, 2010, when he will become one of six part-time members serving on the seven-member board.  His term extends until June 30, 2015. He succeeds Dr. William Holder, who concludes his second five-year term on the GASB on June 30, 2010.

Separately, the Financial Accounting Foundation announced that Douglas A. (“Digger”) Donahue Jr., has been appointed to the FAF Board of Trustees. Donahue is managing partner of the private bank Brown Brothers Harriman & Co., a position he has held since 2008.

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