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FAF Picks Seidman to Head FASB

Tammy Whitehouse | December 28, 2010

Leslie Seidman is the permanent chairman of the Financial Accounting Standards Board.

The Financial Accounting Foundation elevated Seidman from acting chairman to permanent chairman last week. She assumed the post on a temporary basis when Robert Herz retired on Sept. 30.

Seidman has been a member of the board since 2003. She began her career with Arthur Young, now Ernst & Young as a member of the audit staff. She eventually served as vice president at J.P. Morgan where she was responsible for establishing accounting policies for new financial products, particularly securities and derivatives.

She takes the helm of the FASB as it sprints to a mid-2011 target date to complete a handful of key accounting standards updates intended to converge U.S...

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