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State Board Report

January 2016

On January 1, 2016, NASBA Past Chair (2005-2006) Diane M. Rubin, CPA, began her five-year term as a trustee of the Financial Accounting Foundation. Ms. Rubin is a retired audit partner and quality control partner of Novogradac & Company, LLP, in San Francisco, and was the recipient of the NASBA William H. Van Rensselaer Public Service Award in 2013. She is also a former chair of the California State Board of Accountancy, and former member of the Private Company Council plus many productive NASBA committees.

The mission of the FAF is to "establish and improve financial and reporting standards, fostering financial reporting that provides decision-useful information to investors and other users of financial reports." It provides oversight of the Financial Accounting Standards Board and the Governmental Accounting Standards Board and their Advisory Councils. The FAF Board of Trustees has 14-18 members from varied backgrounds, including: users, preparers and auditors of financial statements; state and local government officials; academics; and regulators.

Charles H. Noski also began his three-year term as chair of the FAF Board of Trustees on January 1. He has served as chief financial officer, board member and audit committee chair for major U.S. corporations.

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