Financial Accounting Foundation (Faf)

Description

• 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.Teresa S. Polley was appointed president of the FAF in 2008 and chief executive officer in 2010. Ms. Polley joined the FASB in 1987 as a technical associate, and over the last 25 years, has moved up the ranks to her current role. The FAF Board of Trustees comprises 14-18 members from varied backgroundsusers, preparers, and auditors of financial statements; state and local government officials; academics; and regulators. For more information about the FAF, visit www.accountingfoundation.org
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  Headquarters:401 Merritt , Norwalk, Connecticut, United States

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  Phone Number: +1 203-847-0700

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  Website: https://www.accountingfoundation.org

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  Employees:62

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  Revenue:$10 - 50M

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  Legal Name:Financial Accounting Foundation (Faf)

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• |  NAICS Code: 541211  |

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