Washington, D.C. -- The Office of Management and Budget (OMB) under the Executive Office of the President has appointed FSU College of Business alumnus Richard J. Wall, BS '68, to the Cost Accounting Standards Board. As a board member, Wall will serve a four year term.

Wall was a former Partner and National Director for Ernst & Young Government Contract Services before retiring. He will be joined by three other new board members.

"It is always a challenge to replace experienced people, especially those who have contributed as much as our outgoing members," said Paul A. Denett, OMB's Administrator for Federal Procurement Policy who chairs the CAS Board. "That is why I am so pleased with the credentials of our new members. Their combined public and private knowledge and experience in cost accounting will greatly contribute to resolving the complex matters that come before the Board."

The OMB's predominant mission is to assist the President in overseeing the preparation of the federal budget and to supervise its administration in Executive Branch agencies. In helping to formulate the President's spending plans, OMB evaluates the effectiveness of agency programs, policies, and procedures, assesses competing funding demands among agencies, and sets funding priorities. OMB ensures that agency reports, rules, testimony, and proposed legislation are consistent with the President's Budget and with Administration policies.

In addition, OMB oversees and coordinates the Administration's procurement, financial management, information, and regulatory policies. In each of these areas, OMB's role is to help improve administrative management, to develop better performance measures and coordinating mechanisms, and to reduce any unnecessary burdens on the public.

For more information about the College of Business, please go to www.cob.fsu.edu.