Last week the Financial Accounting Standards Board (FASB) announced the reappointment of Chairman Robert H. Herz to a second five-year term, beginning July 1, 2007. Chairman Herz has helped lead the Board through “one of the most challenging times in the history of our reporting system,” according to the FASB release, helping its efforts “to significantly improve the quality of financial information available to investors and the capital markets.” For more information, click here.

Also new this month at the FASB: In its continuing outreach to the financial, appraisal and accounting industries, the Board established the Investors Technical Advisory Committee, which met for the first time on January 11, 2007. Meeting handouts and a current list of committee members are available at the FASB website.