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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—The Financial Accounting Foundation and the Financial Accounting Standards Board to Host High-Quality Global Accounting Standards: Issues and Implications for U.S. Financial Reporting
(Posted: 04/17/08)

The Financial Accounting Foundation Board of Trustees Approves Changes to Oversight, Structure and Operations of FAF, FASB and GASB (Posted: 02/26/08)

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"


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