The Board of Trustees of the Financial Accounting Foundation appointed her to a five-year term beginning on July 1, 2016. When her term ends in 2021, she’ll be eligible for an additional five-year term.
“Christine’s deep understanding of the relationship between high-quality accounting standards and the capital markets will make her a valuable addition to the FASB,” said Charles H. Noski, chairman of the FAF Board of Trustees. “The combination of her extensive background in academia and her expertise in financial statement analysis and valuation will bring a unique perspective to the FASB—especially as it continues to serve users of financial reports by improving financial accounting and reporting standards.”
Botosan is replacing Thomas J. Linsmeier, who joined the FASB in July 2006. His term ends June 30, 2016.
“I’m very pleased to welcome Christine to her new role as a FASB member,” said FASB Chair Russell G. Golden. “Christine has a broad knowledge of accounting issues, and her wide experience provides her with an understanding of financial accounting from various perspectives. We look forward to working with Christine, and know she will be a great asset to the organization.”
Botosan has served in several roles at the Eccles School. In addition to her work as a professor, she currently serves as a leadership fellow in the office of the vice president of the University of Utah, and as the George S. and Dolores Dore Eccles Presidential Chair in Ethical Financial Reporting. Previously, she served as the associate dean of graduate affairs and as an associate professor of accounting.
Before her tenure at the Eccles School, which began in 1999, Botosan was an assistant professor of accounting at Washington University in St. Louis, Missouri.
Botosan has played an active role in the accounting community, serving as president of the American Accounting Association from 2014 to 2015.
She is a certified valuation analyst, and she earned her Ph.D. in business administration from the University of Michigan and a bachelor’s degree in the same field from Wilfrid Laurier University in Ontario, Canada.
About the Financial Accounting Foundation
Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB establish and improve financial accounting and reporting standards—known as Generally Accepted Accounting Principles, or GAAP—for public and private companies, not-for-profit organizations, and state and local governments in the United States. For more information, visit www.accountingfoundation.org.
About the Financial Accounting Standards Board (FASB)
Established in 1973, the FASB is the independent, private-sector organization, based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit www.fasb.org.