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).

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.

📣 FASB Board Meeting🗓️ Date: April 22, 2026⏰ Time: 9:00 a.m. EDT💻 Watch: Live or on demand at https://bit.ly/3XD1FQpThe ...
04/22/2026

📣 FASB Board Meeting

🗓️ Date: April 22, 2026
⏰ Time: 9:00 a.m. EDT
💻 Watch: Live or on demand at https://bit.ly/3XD1FQp

The FASB will discuss several agenda topics, including:
• Whether to define a Public Business Entity as a new technical project
• Feedback on applying the Portfolio Layer Method (PLM) to financial liabilities
• Next steps for Statement of Cash Flows—Targeted Improvements
• Additional open discussion items, if needed

Join live or tune in later at your convenience.

The Board of Trustees of the Financial Accounting Foundation (FAF) is seeking nominations for two new members of the Pri...
03/10/2026

The Board of Trustees of the Financial Accounting Foundation (FAF) is seeking nominations for two new members of the Private Company Council (PCC) for a three-year renewable term beginning January 1, 2027.
Those interested in applying or nominating a candidate should submit materials by April 30, 2026. For more information, visit https://bit.ly/4sHTUFn

The Financial Accounting Foundation (FAF) Board of Trustees has issued a call for nominations for several key leadership...
01/08/2026

The Financial Accounting Foundation (FAF) Board of Trustees has issued a call for nominations for several key leadership roles, including FASB Chair, GASB Chair, FASB member, and positions on the FAF Board of Trustees. These roles play a critical part in supporting the independent standard-setting process. Learn more about the positions, nomination criteria, and submission timelines on our website: https://bit.ly/3YxdSpf

The Board of Trustees of the Financial Accounting Foundation (FAF) has announced the appointment of three new members an...
12/17/2025

The Board of Trustees of the Financial Accounting Foundation (FAF) has announced the appointment of three new members and eleven reappointed members to the Governmental Accounting Standards Advisory Council (GASAC). All appointee’s terms will begin January 1, 2026.

The three new GASAC members will serve a two-year term and are eligible to be reappointed for up to two additional consecutive two-year terms. They are:

• Tyler Montana Prescott, Clarke County
• Jamie Wayman, Tennessee Consolidated Retirement System
• Dr. Linda Ragland, University of New Hampshire

Members being reappointed to a second two-year team are:

• Deborah Miller, State of Illinois
• David Goldman, Oak Harbor, WA
• John Liszewski, City of Yonkers, NY
• Christine Clarke, State of Kansas
• Robert Weber, Moody’s Investors Service
• Robert Bland, University of Northern Texas
• Michelle Watterworth, Plante Moran

Members being reappointed to a third and final term are:

• Robert Scott, Prosper, TX
• Anita Kovacs, Pensacola State College
• Scott DeViney, Washington State Auditor’s Office
• Harriet Richardson, Bay Area Rapid Transit

We would also like to extend our gratitude to the members departing from the GASAC for their contributions and dedication in supporting the standard-setting process.

12/16/2025

We wish you all the best in the coming year.

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