9/1/2010

The retirement of Robert Herz as chairman of the Financial Accounting Standards Board and the addition of two new board members could complicate efforts to merge U.S. and international accounting standards, among other issues, experts say. The timing of the turnover "is like Eisenhower resigning as the troops were landing on the beach on D-Day," says John Hepp, a partner at Grant Thornton and former FASB project director.

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