News & Media

FAF Names Robert W. Scott as Chairman of GASAC; Appoints New GASAC and FASAC Members

Norwalk, CT, May 22, 2015—The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the appointment of Robert W. Scott, director of finance for the city of Brookfield, Wisconsin, as Chairman of the Governmental Accounting Standards Advisory Council (GASAC)....

News Release

FASB Issues Accounting Standards Update to Improve Disclosures for Short-Duration Insurance

Norwalk, CT, May 21, 2015—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) intended to make targeted improvements to disclosure requirements for insurance companies that issue short-duration contracts—in which insurance coverage is provided for a fixed period....

News Release | ASU 2015-09 | FASB In Focus | Understanding Costs and Benefits


Post-Implementation Review Concludes Noncontrolling Interests Standard Achieves Purpose

Norwalk, CT, May 20, 2015—A 2007 accounting standard addressing ownership interests within a company’s subsidiary achieves its purpose and provides useful information to users of financial statements.

News Release | FASB Statement 160 PIR Report |
FASB Response to FAF PIR Report on Statement 160


Financial Accounting Foundation Board of Trustees Reappoints Daryl E. Buck and R. Harold Schroeder to FASB

Norwalk, CT, May 20, 2015—The Board of Trustees of the Financial Accounting Foundation (FAF) today reappointed Daryl E. Buck and R. Harold (Hal) Schroeder to the Financial Accounting Standards Board (FASB). Their new terms are effective July 1, 2015 and end on June 30, 2021....

News Release

Financial Accounting Foundation Issues 2014 Annual Report

Norwalk, CT, May 18, 2015—The Financial Accounting Foundation (FAF) today issued its 2014 Annual Report, available online at www.accountingfoundation.org.

News Release | Annual Report


Financial Accounting Foundation Names Todd L. Cranford Head of Government Affairs and External Relations

Norwalk, CT, May 11, 2015—The Financial Accounting Foundation (FAF) today announced that Todd L. Cranford will become its new head of government affairs and external relations, based in Washington DC, effective June 1, 2015.

News Release

Private Company Council Media Meeting Recap

Norwalk, CT, May 5, 2015—The Private Company Council (PCC) met on Tuesday, May 5, 2015. Below is a brief summary of issues addressed by the PCC at the meeting.

Media Meeting Recap

FASB Seeks Public Comment on Proposal to Defer Effective Date of Revenue Recognition Standard

Norwalk, CT, April 29, 2015—The Financial Accounting Standards Board (FASB) today issued for public comment a proposed Accounting Standards Update (ASU) that would defer the effective date of its new revenue recognition standard by one year....

News Release | Exposure Document

  • May 22, 2015 FAF Names Robert W. Scott as Chairman of GASAC; Appoints New GASAC and FASAC Members
  • May 21, 2015 FASB Issues Accounting Standards Update to Improve Disclosures for Short-Duration Insurance
  • May 20, 2015 Post-Implementation Review Concludes Noncontrolling Interests Standard Achieves Purpose
  • May 20, 2015 Financial Accounting Foundation Board of Trustees Reappoints Daryl E. Buck and R. Harold Schroeder to FASB
  • May 18, 2015 Financial Accounting Foundation Issues 2014 Annual Report
  • May 11, 2015 Financial Accounting Foundation Names Todd L. Cranford Head of Government Affairs and External Relations
  • May 5, 2015 Private Company Council Media Meeting Recap
  • April 29, 2015 FASB Seeks Public Comment on Proposal to Defer Effective Date of Revenue Recognition Standard

Media Inquiries

All media inquiries are coordinated through the FAF Communications Department

Christine L. Klimek

Senior Manager, Media Relations & Executive Communications
(203) 956-3459 | clklimek@f-a-f.org

John C. Pappas

Senior Manager, Media Relations & Constituent Communications
203-956-3440 | jcpappas@f-a-f.org

Jordan C. (Kip) Betz

Manager, Media Relations & Editorial Services
203-956-5201 | jcbetz@f-a-f.org

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Norwalk, CT 06856

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