The Financial Accounting Standards Board (FASB) just added a new player to its Emerging Issues Task Force (EITF). Todd Castagno from Morgan Stanley is stepping in with big shoes to fill and even bigger ideas to contribute.
Key Points
•📅 Date to Remember: February 9, 2026
•👥 New Appointment: Todd Castagno from Morgan Stanley
•🔄 Replacing: Jack Ciesielski
•📊 Mission: Improving financial reporting through quick solutions
•🌐 More Info: Visit www.fasb.org for details
🌟 New Kid on the Block
Norwalk, CT—February 9, 2026 – The Financial Accounting Standards Board (FASB) has a fresh face on the block. Todd Castagno, managing director at Morgan Stanley, is now part of the Emerging Issues Task Force (EITF). According to EITF Chair and FASB Vice Chair Hillary H. Salo, “Todd offers extensive technical accounting expertise and a valuable viewpoint that will contribute meaningfully to the EITF’s deliberations.”
🧩 Filling Big Shoes
Mr. Castagno is stepping into the role previously held by Jack Ciesielski, whose term has ended. Hillary H. Salo didn't hold back her praise, stating, “On behalf of the FASB, I want to thank Jack for his important contributions to the EITF. His insights played a significant role in the EITF’s continued progress in improving financial reporting.”
🔍 What is the EITF?
The mission of the EITF is to assist the FASB in improving financial reporting by quickly identifying and developing solutions to address specific financial accounting issues. It operates within the framework of the FASB Accounting Standards Codification®. For those looking to dive deeper, more information about the EITF’s activities can be found on www.fasb.org.
