FASB Staff

The Board is assisted by a staff of more than 60 professionals. Each has a concern for investors, other users,  and the public interest in matters of accounting and reporting and, collectively, have knowledge and experience in investing, accounting, finance, business, accounting education, and research. The staff works directly with the Board and project resource groups, conducts research, participates in roundtable meetings, analyzes oral and written comments received from the public, and prepares recommendations and drafts of documents for consideration by the Board.

Susan M. Cosper, Technical Director
Chair, Emerging Issues Task Force

Susan M. Cosper (Sue) is the Financial Accounting Standards Board (FASB) Technical Director and Chair of the Emerging Issues Task Force.  As Technical Director, she has responsibility for managing the FASB’s technical accounting and research activities and staff.  Prior to her appointment at the FASB, she was a partner with PricewaterhouseCoopers LLP (PwC), most recently based in PwC’s Financial Instruments, Structured Products, and Real Estate Group in New York City and prior to that, PwC offices in Florham Park, NJ (National Office), Pittsburgh, PA and London, UK.

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Alicia A. Posta, Assistant Director
Executive Director, Financial Accounting Standards Advisory Council

Alicia A. Posta is an assistant director of technical activities at the FASB and the executive director of the Financial Accounting Standards Advisory Council (FASAC). In those roles, Ms. Posta is involved with various technical projects, serves as the primary administrator of the FASAC’s activities, and facilitates many of the FASB’s activities with its stakeholder groups, who provide input into its decision-making process. Prior to joining the FASB staff, Ms. Posta was a senior auditor with Ernst & Young in Stamford, Connecticut.

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Shayne Kuhaneck, Assistant Director

Shayne Kuhaneck is an assistant director of technical activities at the Financial Accounting Standards Board (FASB). In this role, Shayne oversees implementation activities related to credit losses, hedging, recognition and measurement of financial instruments, and leases. He also oversees projects that include nonemployee share-based payments, consolidations, and distinguishing liabilities from equity. Shayne previously served as a senior technical advisor in GE Capital’s Accounting Policy Group, where he focused on technical accounting matters related to acquisitions and dispositions of significant businesses, impairment of financial assets, derivatives and hedging activities, consolidation, and debt and equity classification matters.

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Jeffrey D. Mechanick, Assistant Director

Jeff Mechanick is Assistant Director—Nonpublic Entities for the FASB. In this role, he provides strategic and technical oversight of all activities involving nonpublic entities (private companies and not-for-profit organizations (NPOs)), oversees support of the Private Company Council, chairs the FASB’s Not-for-Profit Advisory Committee, and participates in some of the FASB’s broader outreach activities. He has also been the lead staff person for the AICPA/FAF/NASBA Blue-Ribbon Panel on Standard Setting for Private Companies and the FASB/IASB Financial Crisis Advisory Group. Prior to joining the FASB in 2006, Mr. Mechanick spent a combined twenty years working in and with the not-for-profit sector.

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Peter C. Proestakes, Assistant Director

Peter C. Proestakes is an assistant director of technical activities at the FASB. In that role, he is involved with various technical projects, including those related to Revenue Recognition, Insurance, Consolidations, Postretirement Benefits, and The Accounting Standards Codification. Since joining the FASB’s research and technical activities staff in January 2003, he has led several technical projects, including FASB Statement No. 158, Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans, and FASB Statement No. 132 (revised 2003), Employers’ Disclosures about Pensions and Other Postretirement Benefits. Before joining the FASB, Mr. Proestakes was with Gartner, Inc. as Senior Director of Financial Reporting.

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J. Louis Matherne, Chief of Taxonomy Development

J. Louis Matherne, CPA, was named Chief of Taxonomy Development for the Financial Accounting Standards Board (FASB) in April 2010. In this role, Mr. Matherne leads the FASB team responsible for maintaining and updating the U.S. GAAP Financial Reporting Taxonomy as required for use by Securities and Exchange Commission (SEC) public company registrants. Prior to joining the FASB, Mr. Matherne was Director of XBRL Services for the Global/North American headquarters of Clarity Systems in Toronto, a member of the SEC's XBRL project team that developed the US GAAP taxonomy, and Director of XBRL for the American Institute of Certified Public Accountants (AICPA). In that capacity, Louis also served as the Founding President of XBRL International.

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