FASAB Appoints Terry Patton Chair, Eric Berman and William Morehead Members
Summary
FASAB announced the appointment of Terry Patton as Board Chair effective April 1, 2026, with her term concluding June 30, 2029. Eric Berman and William Morehead have been appointed to five-year Board terms beginning April 19, 2026. These are routine personnel announcements with no compliance obligations imposed on affected entities.
What changed
FASAB has announced three board appointments: Terry Patton as Chair effective April 1, 2026 (through June 30, 2029), and Eric Berman and William Morehead as Board members for five-year terms beginning April 19, 2026. These appointments are administrative governance actions. The changes do not alter any accounting standards, reporting requirements, or compliance obligations for federal entities or other parties.
Affected parties, including federal agencies and entities following FASAB accounting standards, should note these leadership changes but face no new compliance requirements. No immediate action is required as a result of these appointments.
What to do next
- Monitor for updates
Archived snapshot
Apr 8, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Content
ACTION:
Notice.
SUMMARY:
Notice is hereby given that Terry Patton has been appointed as Federal Accounting Standards Advisory Board (FASAB or “the
Board”) chair, effective April 1, 2026. Dr. Patton's term as chair will conclude on June 30, 2029. Notice is also hereby given
that Eric Berman has been appointed to the Board. Mr. Berman's five-year term will begin on April 19, 2026. Notice is also
hereby given that William Morehead has been appointed to the Board. Dr. Morehead's five-year term will begin on April 19,
2026.
ADDRESSES:
The news release is available on the FASAB website at https://www.fasab.gov/news-releases/. Copies can be obtained by contacting FASAB at (202) 512-7350.
FOR FURTHER INFORMATION CONTACT:
Ms. Monica R. Valentine, Executive Director, 441 G Street NW, Suite 1155, Washington, DC 20548, or call (202) 512-7350.
Authority: 31 U.S.C. 3511(d); Federal Advisory Committee Act, 5 U.S.C. 1001-1014.
Dated: April 6, 2026. Monica R. Valentine, Executive Director. [FR Doc. 2026-06765 Filed 4-7-26; 8:45 am] BILLING CODE 1610-02-P
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