News & Media
FAF Trustees Agree to Retain GASB Scope of Authority Policy Without ModificationNorwalk, CT, August 22, 2017—The Board of Trustees of the Financial Accounting Foundation today approved a report, Three-Year Review of GASB Scope of Authority: Consultation Process Policy, that leaves unchanged the Governmental Accounting Standards Board’s (GASB) scope of authority policy....
News Release | Report
GASB Establishes Single Approach for Reporting LeasesNorwalk, CT, June 28, 2017—The Governmental Accounting Standards Board (GASB) today issued guidance that establishes a single approach to accounting for and reporting leases by state and local governments. This single approach is based on the principle that leases are financings of the right to use an underlying asset....
News Release | Statement No. 87
FAF Issues 2016 Annual Report: “Better standards. Better-informed decisions.”Norwalk, CT, May 18, 2017—The Financial Accounting Foundation (FAF) today posted its 2016 Annual Report to the FAF website. The report is available in print, PDF , and interactive digital versions....
News Release | 2016 Annual Report
Financial Accounting Foundation Names Jeff Previdi Vice Chairman of Governmental Accounting Standards BoardNorwalk, CT, May 17, 2017—The Board of Trustees of the Financial Accounting Foundation (FAF) has named Jeffrey J. Previdi as vice chairman of the Governmental Accounting Standard Board (GASB). The FAF oversees the GASB and its sister organization, the Financial Accounting Standards Board (FASB)....
FAF Reappoints James E. Brown to Second Term on the GASB; Appoints Kristopher E. Knight to BoardNorwalk, CT, February 28, 2017—The Board of Trustees of the Financial Accounting Foundation (FAF) today reappointed veteran governmental auditor James E. Brown to a second term on the Governmental....
GASB Issues Invitation to Comment in Project Designed to Improve Financial Reporting ModelNorwalk, CT, January 4, 2017—The Governmental Accounting Standards Board (GASB) has issued an Invitation to Comment (ITC) on potential improvements to the governmental funds portion of the financial reporting model....
News Release | Invitation to Comment
- August 22, 2017 FAF Trustees Agree to Retain GASB Scope of Authority Policy Without Modification
- June 28, 2017 GASB Establishes Single Approach for Reporting Leases
- May 18, 2017 FAF Issues 2016 Annual Report: “Better standards. Better-informed decisions.”
- May 17, 2017 Financial Accounting Foundation Names Jeff Previdi Vice Chairman of Governmental Accounting Standards Board
- February 28, 2017 FAF Reappoints James E. Brown to Second Term on the GASB; Appoints Kristopher E. Knight to Board
- January 4, 2017 GASB Issues Invitation to Comment in Project Designed to Improve Financial Reporting Model
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