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Finance Execs React to Herz's Retirement

The FASB chairman's startling announcement has CFOs concerned, but they aren't adjusting their plans for dealing with pending changes to accounting rules.

August 26, 2010

The announcement on Tuesday that Robert Herz will retire as chairman of the Financial Accounting Standards Board on October 1, two years before his term expires, came as a shock to many accounting executives. After all, they have been busy planning for the major accounting changes that have been streaming from FASB under Herz's leadership, as well as for the possibility that they will need to adopt international financial reporting standards someday. Read more...

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