FASB Board Member Harold Monk Steps Down

Chris Gaetano
Published Date:
May 15, 2018

Harold Monk, who was appointed to the Financial Accounting Standards Board (FASB) in November 2016 and officially joined the board on Jan. 1, 2017, said he will be resigning from his post at the end of this month. Prior to joining the FASB, he spent six years at Carr, Riggs & Ingram, LLC, where he provided auditing and attestation, accounting, tax, forensic accounting, and M&A services to public and private companies of all sizes in various industries. 

Monk said he was stepping down for personal reasons. Previous to joining the FASB, Monk had been a member of the Private Company Council and had also chaired the AICPA's Auditing Standards Board, and the AICPA's Private Companies Practice Section.

“My service on the FASB stands as a career highlight and a great source of pride,” said Mr. Monk. “I am grateful to my fellow board members and to the FASB staff for making my time in Norwalk so rewarding.”

The Financial Accounting Foundation has begun a search to find a replacement for the departing Monk. The FASB will operate with six members in the meantime.

Click here to see more of the latest news from the NYSSCPA.