NEWS & MEDIA

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Investor Advisory Committee (IAC)

Norwalk, CT, May 19, 2023—The Investor Advisory Committee (IAC) met on May 11, 2023. Below is a summary of topics discussed at the meeting:

Meeting Recap
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Financial Accounting Foundation Appoints Private Company Council Chair and Member

Norwalk, CT, May 12, 2023—The Financial Accounting Foundation (FAF) today announced two new appointments to the Private Company Council (PCC). Jere G. Shawver, will serve as the new chair, and David Hoagland will serve as a member. Mr. Shawver’s term as chair will begin January 1, 2024...

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FASB Issues Proposal to Clarify Accounting Guidance Related to Profits Interest Awards

Norwalk, CT, May 11, 2023—The Financial Accounting Standards Board (FASB) today published a proposed Accounting Standards Update (ASU) intended to improve generally accepted accounting principles (GAAP) by adding illustrative guidance to help entities determine whether profits interest and similar awards...

Media AdvisoryExposure Document
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Financial Accounting Foundation Trustees Reappoint Michael Morrow as FASAC Chair

Norwalk, CT, May 11, 2023—The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the reappointment of Michael M. Morrow to a third two-year term as chair of the Financial Accounting Standards Advisory Council (FASAC), effective January 1, 2024.

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Private Company Council (PCC)

Norwalk, CT, May 5, 2023—The Private Company Council (PCC) met on Tuesday, April 25, 2023. Below is a summary of topics addressed by the PCC at the meeting:

Meeting Recap
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Financial Accounting Foundation Trustees Enhance Stakeholder Feedback Procedures and Transparency for Standard-Setting Boards

Norwalk, CT, April 26, 2023—As part of its continuing efforts to improve its oversight activities and to further increase transparency for stakeholders, the Board of Trustees of the Financial Accounting Foundation (FAF) today announced an enhancement that will make...

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MEDIA INQUIRIES

All media inquiries are coordinated through the FAF Communications Department

Christine L. Klimek

Jordan C. (Kip) Betz

Dana Freeman


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FASB IN FOCUS/FACT SHEETS

FASB in Focus/Fact Sheets deliver a concise summary of major initiatives, focusing on impact to users.

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PRESENTATIONS & SPEECHES

FASB representatives travel around the world to update stakeholders on important initiatives and their impact to business.

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IN THE NEWS. . .

Archive of FASB announcements categorized by year.

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VIDEO & PODCASTS

Video and podcasts featuring FASB leaders addressing key projects.

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