Alan Skelton Named Director of Investigate and Technological Pursuits of the Governmental Accounting Requirements Board | Business

NORWALK, Conn.–(Business WIRE)–Jan 29, 2021–

The Governmental Accounting Criteria Board (GASB) nowadays announced the appointment of Alan Skelton to the position of director of investigation and complex actions. Mr. Skelton will commence his responsibilities as director with the GASB on April 1, 2021. He replaces David R. Bean, who will retire on March 31, 2021, after serving as the GASB director for additional than 30 several years.

Mr. Skelton has served on the GASB’s advisory team, the Governmental Accounting Benchmarks Advisory Council (GASAC), due to the fact 2015 and as its vice chair due to the fact 2018. He was named to the director’s posture by the GASB chair subsequent a countrywide look for that commenced in September of 2020 and viewed as a lot more than 30 candidates.

In the coming weeks, Mr. Skelton will step down from his present role as the state accounting officer for the condition of Ga, a posture to which he was originally appointed by the governor in 2012. He was reappointed to the role in 2019. As condition accounting officer, Mr. Skelton has presented accounting leadership for the point out of Georgia, like oversight of statewide fiscal reporting, issuing accounting policy and software interpretations of Generally Acknowledged Accounting Principles (GAAP), and employing business course of action enhancements. He served as deputy state accounting officer from 2009—2012 and beforehand had a lot more than a ten years of experience in public accounting, mostly with Ernst & Younger.

Mr. Skelton attained a bachelor of science degree in accounting and finance at Florida Condition University. He is a qualified community accountant in Ga.

In his purpose as GASB director, Mr. Skelton will guide the GASB staff and serve as the principal advisor to the GASB chair and Board. The posture has a important management perform in the general management of initiatives on the GASB’s complex, exploration, and post-implementation evaluation agendas GASB venture-similar communications and conversation and engagement with stakeholders.

“I’m very pleased to welcome Alan to the GASB to serve as the director of analysis and specialized functions,” stated GASB Chair Joel Black. “I have recognised him for many decades, served with him on the GASAC, and know him to be a incredible chief. Alan shares my enthusiasm for the GASB’s mission and provides to this function deep complex abilities and sensible working experience in governmental accounting and monetary reporting. I’m delighted we’ll be working carefully alongside one another.”

Of outgoing director David R. Bean, Black claimed, “I have had the opportunity to get to know, work with, and study from Dave for significantly of my career. His contributions to governmental accounting are in depth and his service in furthering it is actually unmatched. Devoid of concern, the clarity we now have into a government’s fiscal photo and the robustness of data about it bear his indelible stamp.”

About the Governmental Accounting Expectations Board

Established in 1984, the GASB is the independent, non-public-sector organization based mostly in Norwalk, Connecticut, that establishes accounting and economical reporting requirements for U.S. point out and community governments that observe Commonly Acknowledged Accounting Rules (GAAP). These specifications are recognized as authoritative by state and nearby governments, point out Boards of Accountancy, and the American Institute of CPAs (AICPA). The GASB develops and challenges accounting benchmarks through a transparent and inclusive course of action intended to encourage financial reporting that presents practical details to taxpayers, community officers, investors, and some others who use economical stories. The Financial Accounting Foundation (FAF) supports and oversees the GASB. For a lot more information and facts, check out

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PUB: 01/29/2021 10:15 AM/DISC: 01/29/2021 10:15 AM

Copyright Business Wire 2021.