UA’s Stone Appointed to Accounting Foundation Board

TUSCALOOSA, Ala. — The Financial Accounting Foundation has announced that Dr. Mary Stone, director of The University of Alabama’s Culverhouse School of Accountancy, is one of four appointed to the FAF Board of Trustees.

The FAF is the independent, private-sector organization responsible for the oversight of the Financial Accounting Standards Board and the Governmental Accounting Standards Board.

Other appointees are John Davidson, CPA, senior vice president, controller and chief accounting officer of Tyco International; Stephen R. Howe Jr., Americas managing partner of Ernst & Young and a member of the Americas Executive Board and Global Executive Board; and Mack Lawhon, CPA, chairman of the Board of Partners for Weaver, LLP, one of the largest independent accounting firms serving private companies in the Southwest.

Stone, the Hugh Culverhouse Endowed Chair of Accountancy as well as director of the school of accountancy, has been a member of the University faculty since 1981 and is a former member of the Financial Accounting Standards Advisory Council.

Each of the appointments is for a five-year term that begins in January.

The FAF is responsible for the oversight, administration and finances of both the Financial Accounting Standards Board and its counterpart for state and local government, the Governmental Accounting Standards Board. The FAF also is responsible for selecting the members of both boards and their respective advisory councils.