Tag Archives: FAF

FAF Ups Contribution to IFRSF

State Board Report February 2014 The Financial Accounting Foundation will make a non-recurring contribution of up to $3,000,000 this year from its reserve fund to the International Financial Reporting Standards Foundation, in order to help complete some of the accounting standards convergence projects of the International Accounting Standards Board and the Financial Accounting Standards Board.…

Written on February 18, 2014 at 4:12 pm, by

Comments Off
Categories: State Board Reports
Tags: ,

Conrad Appointed to Financial Accounting Standards Advisory Council

November 25, 2013 The Board of Trustees of the Financial Accounting Foundation (FAF) has appointed 10 new members to the Financial Accounting Standards Advisory Council (FASAC). The FASAC is responsible for advising the Financial Accounting Standards Board (FASB) on strategic issues, project priorities, and other matters that affect accounting standard setting. The new members will…

Written on November 26, 2013 at 7:59 pm, by

Comments Off
Categories: Announcements and News, Latest News
Tags: , ,

FAF Revises GASB Scope Proposal

State Board Report September 2013 By classifying governmental financial information into three categories, the Financial Accounting Foundation (FAF) proposes to determine the standard-setting activity of the Governmental Accounting Standards Board (GASB). On August 20, the FAF released its “GASB Scope of Authority: Consultation Process– Revised Proposal,” based on the comments it received on its February…

Written on September 19, 2013 at 6:40 pm, by

Comments Off
Categories: State Board Reports
Tags: , ,

Former NASBA Chair Appointed to Head GASB

David A. Vaudt to Begin Seven-Year Term Starting July 1, 2013 NASHVILLE, TENN (APRIL 5, 2013) — In a recent announcement, the Financial Accounting Foundation (FAF) has named former National Association of State Boards of Accountancy (NASBA) Chair and Iowa Auditor of State, David A. Vaudt, as the next chairman of the Governmental Accounting Standards…

Written on April 4, 2013 at 6:25 pm, by

Comments Off
Categories: Latest News, Press Releases
Tags: , , ,

Private Company Council Taking Shape

State Board Report July 2012 Both Financial Accounting Foundation Chair John J. Brennan and FAF President Teresa S. Polley expressed their appreciation to NASBA for the relationship that has developed between the two organizations. Chair Brennan told the Eastern Regional Meeting, "We thank NASBA for being great partners with the FAF – constructive, supportive and…

Written on July 13, 2012 at 10:40 am, by

Comments Off
Categories: State Board Reports
Tags: , , , ,

FAF Approves Plan for PCC

State Board Report June 2012 A new body to improve the process of setting accounting standards for private companies, the Private Company Council (PCC), was established by the Financial Accounting Foundation's (FAF) Board of Trustees on May 23, 2012. The FAF Trustees' vote to create the PCC came after months of deliberation that began with…

Written on June 22, 2012 at 12:35 pm, by

Comments Off
Categories: State Board Reports
Tags: ,

FAF Roundtables Conclude

State Board Report March 2012 The Financial Accounting Foundation on March 1 completed its series of four roundtable sessions to solicit public comments about its “Plan to Establish the Private Company Standards Improvement Council,” released in October 2011. NASBA was one of the three parties that sponsored the Blue Ribbon Panel on Standard Setting for…

Written on April 2, 2012 at 10:56 am, by

Comments Off
Categories: State Board Reports
Tags: , , , , , , , , , ,

NASBA Board Backs FAF Process

State Board Report November 2011 At the NASBA Board of Directors’ meeting, on October 21 in Nashville, the following resolution was passed by an overwhelming majority vote: “Authorized the President and Chair to communicate to the Financial Accounting Foundation (FAF) the following: The Board of Directors agrees with and commends the FAF process; Acknowledges the…

Written on November 30, 2011 at 12:09 pm, by

Comments Off
Categories: State Board Reports
Tags:

FASB’s Seidman Cites Private Co. Steps

State Board Report November 2011 The Financial Accounting Standards Board has significantly increased its outreach to private companies, and taken steps to “make private company concerns an integral part of every standard-setting deliberation” it undertakes, FASB Chair Leslie F. Seidman told the NASBA Meeting. Steps taken include: initiation of a webcast education series that offers…

Written on November 30, 2011 at 11:28 am, by

Comments Off
Categories: State Board Reports
Tags: , ,

FAF to Host Roundtables and Webcast

November 7, 2011 The Financial Accounting Foundation (FAF) will sponsor three public roundtables early next year and a live webcast later this month to enable interested parties to express their views and learn more about the FAF’s proposal to improve accounting standard setting for private companies. The hour-long webcast, set for November 18 from 1:30…

Written on November 7, 2011 at 12:58 pm, by

Comments Off
Categories: Announcements and News, Latest News
Tags:

Media & Resources

News
Recent Media Coverage

Blogs/Features
Social Media
Photo Gallery
Video Gallery
Publications
Upcoming & Past Events
Presentations & Speeches
Archives