The Board of Trustees of the Financial Accounting Foundation (#FAF) has announced that Hillary H. Salo, whose five-year term on the Financial Accounting Standards Board (#FASB) begins July 1, 2024, will serve as the Board’s vice chair upon the start of her term. In this capacity, she will succeed current FASB Vice Chair James L. Kroeker, whose final term on the FASB concludes June 30, 2024. Please join us in congratulating Hillary on her new role! https://bit.ly/3wQscPu
Financial Accounting Foundation (FAF)
Accounting
Norwalk, Connecticut 3,697 followers
Standards That Work
About us
Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB establish and improve financial accounting and reporting standards – known as Generally Accepted Accounting Principles, or GAAP – for public and private companies, not-for-profit organizations, and state and local governments in the United States. The FAF directs the effective, efficient, and appropriate stewardship of the FASB and GASB in carrying out their missions; selects and appoints FASB and GASB members and their advisory councils; oversees the Boards’ activities and due process; and promotes and protects the independence of the Boards. The FAF Board of Trustees comprises 14-18 members from varied backgrounds—users, preparers, and auditors of financial statements; state and local government officials; academics; and regulators. For more information about the FAF, visit www.accountingfoundation.org
- Website
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http://www.accountingfoundation.org
External link for Financial Accounting Foundation (FAF)
- Industry
- Accounting
- Company size
- 51-200 employees
- Headquarters
- Norwalk, Connecticut
- Type
- Nonprofit
- Founded
- 1972
Locations
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Primary
801 Main Ave
Norwalk, Connecticut 06851, US
Employees at Financial Accounting Foundation (FAF)
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Dana Freeman
Senior Manager, Communications at Financial Accounting Foundation (FAF)
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Matthew Broder
Vice President Communications at Financial Accounting Foundation (FAF)
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Sue Miller
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Adrian Cardone
Executive Administrative Assistant to Executive Director, FAF - Financial Accounting Foundation
Updates
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📢 FAF Releases 2023 Annual Report: GASB 40th Anniversary Edition The Financial Accounting Foundation (#FAF) has published its 2023 Annual Report, commemorating the 40th anniversary of the Governmental Accounting Standards Board (GASB). Titled "Standards That Work from Main Street to Wall Street," the report highlights key milestones of both the #FASB and #GASB, showcasing their commitment to developing transparent and inclusive accounting standards. The annual report is available online as a downloadable PDF file, along with a mobile-friendly version at https://bit.ly/4506qVS
FAF 2023 Annual Report
storage.accountingfoundation.org
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Join us as the new Private Company Council (PCC) Chair, Jere Shawver, shares his insights from the first few months in his role and outlines future PCC agenda priorities. 🎥✨ #FASB #PCC #PrivateCompanies #FAF
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Meeting of the Private Company Council (PCC) June 24, 2024 3:15pm-5:55pm EDT Watch live or recorded at https://bit.ly/3XD1FQp PCC members and FASB members will discuss: 1. PCC Agenda Prioritization 2. An Update on PCC Town Hall and Liaison Meetings 3. Topic 815—Hedge Accounting Improvements 4. Induced Conversions of Convertible Debt Instruments (EITF Issue No. 23-A) 5. Other business.
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The Board of Trustees of the Financial Accounting Foundation (FAF) announced the reappointment of David Pesce and Adam Roark to second terms on the Private Company Council (PCC). Each will serve a three-year term that begins on January 1, 2025 and ends on December 31, 2027. Additionally, the FAF Trustee Appointments Committee announced a call for nominations to the PCC. For more information, visit https://bit.ly/3VcUlcA
accountingfoundation.org
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🌟 The Financial Accounting Foundation (#FAF) is seeking nominations for new members to join FASAC for an initial one-year term starting January 1, 2025. As the primary advisory body to the FASB, FASAC plays a crucial role in advising on agenda projects, priorities, and procedural matters. To nominate a candidate or self-nominate, use the FASAC nomination form https://bit.ly/4bitlhk and submit it by June 28, 2024. FASAC seeks diverse perspectives and backgrounds, particularly from the investor, corporate, and governance communities. Ideal candidates should possess expertise in financial accounting and reporting, complemented by skills that enhance the collective membership of FASAC. #FASAC #FinancialReporting #AccountingStandards
Nomination for Financial Accounting Standards Advisory Council Membership
research.net
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The Financial Accounting Foundation Board of Trustees seeks nominations for a new member of the Governmental Accounting Standards Board (#GASB). The seven-member, part-time Board will have an open seat on June 30, 2025. The Board of Trustees is seeking a highly qualified individual with substantial experience as a local government preparer of financial statements to fill the upcoming vacancy. For more information, visit: https://bit.ly/3QS5mxK
accountingfoundation.org
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Today, we commemorate Juneteenth, a pivotal moment in our nation's history that marks the end of slavery in the United States. At FASB-GASB-FAF, we remain steadfast in our commitment to building a stronger, more equitable future for all. Together, we can create a world where justice and fairness prevail.
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📢 FAF Releases 2023 Annual Report: GASB 40th Anniversary Edition The Financial Accounting Foundation (#FAF) has published its 2023 Annual Report, commemorating the 40th anniversary of the Governmental Accounting Standards Board (GASB). Titled "Standards That Work from Main Street to Wall Street," the report highlights key milestones of both the #FASB and #GASB, showcasing their commitment to developing transparent and inclusive accounting standards. The annual report is available online as a downloadable PDF file, along with a mobile-friendly version at https://bit.ly/4506qVS
FAF 2023 Annual Report
storage.accountingfoundation.org
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Join us as the new Private Company Council (PCC) Chair, Jere Shawver, shares his insights from the first few months in his role and outlines future PCC agenda priorities. 🎥✨ #FASB #PCC #PrivateCompanies #FAF