Q3 2025 Quarterly Outlook

Hillary H. Salo began her term as vice chair of the Financial Accounting Standards Board (FASB) on July 1, 2024. Her first term on the Board concludes June 30, 2029, when she will be eligible to be considered for reappointment to a second term.

Prior to joining the Board, Hillary spent four years on the FASB staff as technical director and chair of its Emerging Issues Task Force (EITF). As technical director, she was responsible for leading the Board’s standard-setting activities and staff, guiding its successful agenda reprioritization, and driving progress on stakeholder priorities.

Ms. Salo joined the FASB in 2020 from the New York City office of KPMG LLP, where she was a partner in the audit practice and engagement partner for a large global financial services organization. She began her KPMG career in the Chicago office in the accounting advisory services group before joining the audit quality and professional practice group in the New York City office.

Ms. Salo also served as a professional accounting fellow in the Office of the Chief Accountant at the US Securities and Exchange Commission (SEC) in Washington, DC. Ms. Salo began her career as a FASB postgraduate technical assistant after graduating with an undergraduate degree in business administration and a master’s degree in accountancy from the University of North Carolina at Chapel Hill. She is a certified public accountant in New York, Illinois, and North Carolina.