New CAS Board Member

Laurie Schmidgall, Director of Cost Policy at the Boeing Company Corporate Office in Chicago, IL has been appointed to replace Bruce Timman as the Industry Representative on the Cost Accounting Standards Board. Mr. Timman, Director, Government Accounting Compliance, Honeywell, Inc's term expired March 31, 2012.

The following information comes from Ms. Schmidgall's bio:

Ms. Schmidgall has extensive expertise in interpreting the Cost Accounting Standards and Federal Acquisition REgulations, providing guidance to ensure compliance to these regulations for Government contracting, and responding to regulatory activities. Ms. Schmidgall works directly with Department of Defense personnel, including the Defense Contract Management Agency and the Defense Contract Audit Agency to address Government compliance concerns. She is also experienced with the preparation and negotiation of forward pricing rates and final indirect costs.

Ms. Schmidgall is active in several industry organizations, including the Aerospace Industries Association, National Defense Industrial Association, and Financial Executives International. As an industry representative, she has analyzed the impacts of a number of regulatory changes, drafted many comment letters on proposed rules, and briefed interested Government parties. She has also held leadership roles on various committees of these associations.

Prior to joining The Boeing Company, Ms. Schmidgall worked for a few other companies, such as Zenith Electronics, where she developed broad experience in a variety of accounting and related disciplines, including preparation of financial statements, SEC filings, asset management, tax filings, ERP system conversions, inventory management, internal audit, accounts payable, compensation plans, medical insurance plan administration, corporate liability risk management, mergers and acquisitions, and pensions. 

Ms. Schmidgall completed her accounting education at DePaul University in Chicago and is registered in Illinois as a Certified Public Accountant. She is also a member of the Illinois CPA Society.