Financial Accounting Foundation

Financial Accounting Foundation Nonprofit Organization

The Financial Accounting Foundation is the not-for-profit organization responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB).

The Financial Accounting Foundation Board of Trustees has appointed four new Trustees, effective January 1, 2027.Christo...
08/18/2026

The Financial Accounting Foundation Board of Trustees has appointed four new Trustees, effective January 1, 2027.

Christopher T. Hatto, Kevin T. McBride, David N. Miller, and Robert M. “Kinney” Poynter will each serve five-year terms through December 31, 2031.

The new Trustees bring extensive leadership experience across financial reporting, accounting, capital markets, investment management, technology, and government accountability. Their perspectives will support the FAF's oversight role and its mission to protect the independence of the FASB and GASB standard-setting processes.

We also extend our sincere appreciation to retiring Trustees Manju Ganeriwala, Edward “Ted” J. Goldthorpe, W. Bryan Lewis, and Diane C. Nordin for their dedicated service and contributions to the Foundation.

Hillary Salo Named Next Chair of the FASBThe Financial Accounting Foundation (FAF) Board of Trustees has announced the a...
08/18/2026

Hillary Salo Named Next Chair of the FASB

The Financial Accounting Foundation (FAF) Board of Trustees has announced the appointment of FASB Vice Chair Hillary H. Salo as the next chair of the FASB. Hillary will succeed current FASB Chair Richard R. Jones, whose term concludes on June 30, 2027. Ms. Salo’s seven-year term will begin on July 1, 2027, and conclude on June 30, 2034.

Please join us in congratulating Hillary on her well-deserved appointment!

Join us for a live meeting of the Financial Accounting Foundation (FAF) Board of Trustees.📅 August 18, 2026⏰ 3:30 p.m. E...
08/18/2026

Join us for a live meeting of the Financial Accounting Foundation (FAF) Board of Trustees.

📅 August 18, 2026
⏰ 3:30 p.m. EDT
https://bit.ly/4zfhSM6

A recording of the meeting will be available for future streaming on the FAF website.

📢 📢 The Financial Accounting Foundation (FAF) Board of Trustees is seeking nominations for new members of the Financial ...
08/12/2026

📢 📢 The Financial Accounting Foundation (FAF) Board of Trustees is seeking nominations for new members of the Financial Accounting Standards Advisory Council (FASAC), the primary advisory body to the Financial Accounting Standards Board (FASB). The initial one-year term begins January 1, 2027.

To nominate a candidate for consideration, please submit the candidate's name, title, and other materials using the FASAC nomination form. Nominations must be submitted by August 28, 2026. For more information visit https://bit.ly/4b0Or6a

Members of the Governmental Accounting Standards Advisory Council (GASAC) met at the Financial Accounting Foundation’s (...
06/22/2026

Members of the Governmental Accounting Standards Advisory Council (GASAC) met at the Financial Accounting Foundation’s (FAF) office today in Norwalk, CT. Members provided feedback on GASB projects including Revenue and Expense Recognition and Going Concern Uncertainties and Severe Financial Stress. Thank you to all the members of the GASAC for your feedback and for a great conversation.

Please join us in welcoming Joel Levy to the Governmental Accounting Standards Advisory Council (GASAC), where he will r...
06/03/2026

Please join us in welcoming Joel Levy to the Governmental Accounting Standards Advisory Council (GASAC), where he will represent the Investment Company Institute (ICI).

Mr. Levy, chairman of the ICI’s Municipal Advisory Board, brings more than two decades of experience in portfolio management, asset allocation, risk management, investor relations, and financial audits. His expertise in municipal markets and regulatory policy will bring valuable perspective to the Council.

Read the announcement: https://bit.ly/4vxwvYJ

The Board of Trustees of the Financial Accounting Foundation (FAF) has reappointed Jere Shawver as Chair of the Private ...
05/20/2026

The Board of Trustees of the Financial Accounting Foundation (FAF) has reappointed Jere Shawver as Chair of the Private Company Council (PCC), along with PCC members David Finkelstein, CPA, CGMA, Brad Hendricks, and David Hoagland, to serve second terms on the Council. Each will begin an additional term on January 1, 2027, concluding on December 31, 2029.

Congratulations to the reappointed members, and thank you for your continued leadership, service, and contributions to private company financial reporting.

The Board of Trustees of the Financial Accounting Foundation (FAF) announce the appointment of Jacqueline L. Reck to ser...
05/20/2026

The Board of Trustees of the Financial Accounting Foundation (FAF) announce the appointment of Jacqueline L. Reck to serve a one-year term as the Vice Chair of the Governmental Accounting Standards Board (GASB). Her appointment will be effective July 1, 2026. Ms. Reck will succeed Jeffrey J. Previdi, who will complete his service to the Board on June 30.

We congratulate Ms. Reck on her appointment and thank Mr. Previdi for his dedicated service and contributions to the GASB and the governmental financial reporting community.

The Financial Accounting Foundation (FAF) Board of Trustees has announced the search for a new member of the Governmenta...
05/19/2026

The Financial Accounting Foundation (FAF) Board of Trustees has announced the search for a new member of the Governmental Accounting Standards Board (GASB). The seven-member, part-time Board will have an open seat beginning on July 1, 2027.

To apply for consideration, interested individuals should go online to https://www.govhrusa.com to upload a resume and/or CV, contact information for five professional references, and cover letter to the attention of Maureen Barry, Senior Consultant, MGT. Applications for interested candidates must be submitted by the close of business on July 3, 2026.

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Norwalk, CT
06856

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