Lawrence W. Smith named to FASB.(financial reporting)(Financial Accounting Standards Board)(Brief article)

Financial Executive, June, 2007 by Heffes, Ellen M.

Lawrence W. Smith was appointed by the Financial Accounting Foundation Board of Trustees to a five-year term as a member of the Financial Accounting Standards Board (FASB) beginning on July 1. He is replacing Edward W. Trott, who will retire from FASB on June 30.

Smith is currently director of Technical Application and Implementation Activities and chairman of the Emerging Isssues Task Force (EITF).

Prior to joining FASB in 2002, Smith was a partner at KPMG LLP for 25 years, where he served as a partner in KPMG's Department of Professional Practice, as well as an Engagement Partner and SEC Reviewing Partner for a number of international Fortune 1000 clients.