Media Advisory 03-11-21

FASB Appoints Two New Members to Emerging Issues Task Force

Norwalk, CT, March 11, 2021—Financial Accounting Standards Board (FASB) Chair Richard R. Jones today announced the appointment of two new members to the Emerging Issues Task Force (EITF).

The new members are:
  • Dan Palomaki, Managing Director, Institutional Clients Group Controller, Citigroup
  • Jay Seliber, Partner, PwC. 
“I am pleased to welcome Dan Palomaki and Jay Seliber to the Emerging Issues Task Force,” stated EITF Chair and FASB Technical Director Hillary H. Salo. “Each brings to the EITF extensive experience in technical accounting, and we look forward to their perspectives on issues addressed by the Task Force.”

The EITF assists the FASB in improving financial reporting through the timely identification, discussion, and resolution of financial accounting issues. Members are chosen from a cross section of FASB stakeholders, including users of financial statements, public accounting firms, and preparers of financial statements.

Dan Palomaki fills the seat vacated by Bret Dooley and Jay Seliber will replace Larry Dodyk (Partner at PwC), who is retiring from PwC in June 2021.
“On behalf of the FASB, I want to thank Bret Dooley and Larry Dodyk for their exceptional contributions to the EITF,” added Ms. Salo. “Their contributions helped the EITF improve financial reporting for those applying accounting standards.”

More information about the EITF and its members is available at the FASB website.