Foundation
Financial Accounting Foundation
The Financial Accounting Foundation (FAF), organized in 1972, is the independent, private-sector organization with responsibility for the oversight, administration, and finances of the Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB), and their advisory councils, the Financial Accounting Standards Advisory Council (FASAC) and the Governmental Accounting Standards Advisory Council (GASAC). The FAF selects the members of the standard-setting Boards and Councils, and protects the independence of the Boards.Read more about FAF
New—FAF Announces FASB Accounting Standards CodificationTM Packages and Pricing (Posted: 06/16/09)
- Access to the FASB Accounting Standards CodificationTM on July 1, 2009
- FAF and AAA to Provide FASB Codification to Faculty and Students
New—2008 Annual Report of the FAF (Posted: 05/22/09)
New—The Financial Accounting Foundation Appoints David E. Sundstrom to the GASB (Posted: 05/21/09)
FAF and FASB Response to SEC Roadmap for the Potential Use of Financial Statements Prepared In Accordance With International Financial Reporting Standards (IFRS) by U.S. Issuers (Posted: 03/11/09)
- FAF-FASB Response Letter to the Roadmap (134 Pages)
John J. Brennan Elected Chairman of the Financial Accounting Foundation (Posted: 02/13/09)
Financial Accounting Foundation Appoints Jeffrey Diermeier, Cynthia Eisenhauer, and Dennis Kass to its Board of Trustees (Posted: 02/13/09)
FAF Board of Trustees Reaffirms Commitment to Secure Stable and Sustainable Funding for the GASB (Posted: 12/12/08)
FAF Letter to President Bush asks that G-20 Nations Support Independent Standard Setting and Open Due Process (Posted: 11/14/08)
FAF Letter to SEC Chairman Cox Responds to Calls to Overturn Standards (Posted: 10/28/08)
FAF Responds to Suggestions That Congress Suspend a FASB Standard—Independent Process Emphasized in Letter from Robert Denham to Rep. Barney Frank (Posted: 10/2/08)
FAF Seeking Candidates to Fill Vacancies on Its Board of Trustees (Posted: 08/01/08)
The FAF Board of Trustees Approves Changes to Oversight, Structure and Operations of FAF, FASB and GASB (Posted: 02/26/08)
- News Release
- Recitals and Resolutions Adopted by the FAF Board of Trustees on February 26, 2008 (Posted: 02/27/08)
FAF Letter to the Government Finance Officers Association (GFOA) Responding to the GFOA's Request That the GASB's Functions Be Transitioned to the FASB
FAF Letter to the Editor of The Bond Buyer—Published in the July 2, 2007 Issue Under the Title "GFOA President Comments Were a Disservice to Investors"