Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB establish and improve financial accounting and reporting standards – known as Generally Accepted Accounting Principles, or GAAP – for public and private companies, not-for-profit organizations, and state and local governments in the United States. The FAF directs the effective, efficient, and appropriate stewardship of the FASB and GASB in carrying out their missions; selects and appoints FASB and GASB members and their advisory councils; oversees the Boards’ activities and due process; and promotes and protects the independence of the Boards. The FAF Board of Trustees comprises 14-18 members from varied backgrounds—users, preparers, and auditors of financial statements; state and local government officials; academics; and regulators. For more information about the FAF, visit www.accountingfoundation.org
View Top Employees from Financial Accounting Foundation (FAF)Website | http://www.accountingfoundation.org |
Employees | 69 (65 on RocketReach) |
Founded | 1972 |
Address | 801 Main Ave, Norwalk, Connecticut 06851, US |
Phone | (999) 999-9999 |
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Industry | Accounting, Financial Services, Non Profit |
Web Rank | 3 Million |
Keywords | Jeff Bryan Dixon Hughes, What Laws Govern Financial Reporting U.S., Public Companies Are Required To Report General Ledger, Faasb Fellowship, How Does Convergence Fit Into The Fasb’S Mission? |
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Mary Crotty is the COO of Financial Accounting Foundation (FAF).
65 people are employed at Financial Accounting Foundation (FAF).
Financial Accounting Foundation (FAF) is based in Norwalk, Connecticut.