The Financial Accounting Standards Board (FASB) appointed Mark Scoles, partner-in-charge of Grant Thornton’s Accounting Principles group, to the Emerging Issues Task Force.

Scoles is responsible for Grant Thornton’s technical matters relating to accounting, auditing and U.S. Securities and Exchange Commission issues with emphasis on consolidation, transfers of financial assets, financial instruments and derivatives and debt and equity arrangements. He often works with financial services clients, addressing accounting issues specific to the industry, including consolidation, securitization transactions and derivative financial instruments. He previously served as a member of the American Institute of CPA’s Financial Reporting Executive Committee and Auditing Standards Board.

Scoles, who will join the EITF on March 3, 2016, will fulfill the remaining five-year, renewable term that was left vacant by the passing of L. Charles Evans.

The EITF assists the FASB in improving financial reporting through the timely identification, discussion and resolution of financial accounting issues. Members of the EITF are chosen from a cross section of the FASB’s constituents, including public accounting firms, preparers of financial statements and users of financial statements