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Notice of Appointment of FASAB Chair and Two Members

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Summary

FASAB announced the appointment of Terry Patton as Chair and Eric Berman as a board member, effective April 2026. The appointments are published in the Federal Register as required administrative notices. These positions carry four-year terms on the federal advisory body that establishes accounting standards for the U.S. government.

Published by Federal Accounting Standards Advisory Board on federalregister.gov . Detected, standardized, and enriched by GovPing. Review our methodology and editorial standards .

What changed

FASAB has announced new leadership appointments to its board. Terry Patton assumes the role of Chair while Eric Berman joins as a board member, both effective April 2026. These appointments fill positions on the nine-member federal advisory body that develops accounting standards for the federal government.

Affected parties including federal agencies, government contractors, and auditors should monitor FASAB activities under the new leadership. The board's future standards decisions will impact how federal entities report financial information, which has downstream effects on government contracting accounting practices and transparency requirements.

What to do next

  1. Monitor FASAB for updates on new accounting standards

Archived snapshot

Apr 9, 2026

GovPing 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.

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Legal Status

Notice

Notice of Appointment of FASAB Chair and Two Members

A Notice by the Federal Accounting Standards Advisory Board on 04/08/2026

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  • Document Details Published Content - Document Details Agency Federal Accounting Standards Advisory Board Document Citation 91 FR 17805 Document Number 2026-06765 Document Type Notice Page 17805
    (1 page) Publication Date 04/08/2026 Published Content - Document Details

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  • Document Details Published Content - Document Details Agency Federal Accounting Standards Advisory Board Document Citation 91 FR 17805 Document Number 2026-06765 Document Type Notice Page 17805
    (1 page) Publication Date 04/08/2026 Published Content - Document Details

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04/07/2026 at 8:45 am.

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Published Document: 2026-06765 (91 FR 17805) This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

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Federal Accounting Standards Advisory Board

AGENCY:

Federal Accounting Standards Advisory Board.

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

Published Document: 2026-06765 (91 FR 17805)

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Last updated

Classification

Agency
Federal Accounting Standards Advisory Board
Published
April 8th, 2026
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
91 FR 17805

Who this affects

Applies to
Government agencies
Industry sector
9211 Government & Public Administration
Activity scope
Board appointments Federal advisory board
Geographic scope
United States US

Taxonomy

Primary area
Financial Services
Operational domain
Finance
Topics
Corporate Governance Government Contracting

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