The search for the next leader of the U.S. accounting rulemaker comes with an unusual condition: before a candidate can help write the standards that govern corporate reporting, they may need to reshape their own personal finances.
The Financial Accounting Foundation (FAF), which oversees the Financial Accounting Standards Board (FASB), is seeking nominations for a new FASB chair and a board member, with terms beginning July 1, 2027, according to a call for nominations by the foundation earlier this month.
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