News Releases
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All media inquiries regarding FAF, FASB and GASB are coordinated through the FAF Communications Department.
Christine L. Klimek
Senior Manager
Media Relations & Executive Communications
(203) 956-3459
clklimek@f-a-f.org
John C. Pappas
Senior Manager
Media Relations & Constituent Communications
(203) 956-3440
jcpappas@f-a-f.org
Fax: 203-849-9714
401 Merritt 7, PO Box 5116
Norwalk, CT 06856
Media Advisory—Financial Accounting Foundation Publishes 2012 Annual Report
May 22, 2013
Media Advisory—The GASB’s New Statement for Nonexchange Financial Guarantees Is Now Available
April 30, 2013
FAF and FASB Mark 40th Anniversary with Updated Branding, New Websites
April 29, 2013
GASB Improves Reporting for Nonexchange Financial Guarantees
April 22, 2013
GASB Responds to Financial Accounting Foundation’s Post-Implementation Review of Deposit and Investment Risk Disclosure Standards
April 10, 2013
Financial Accounting Foundation Names David A. Vaudt Chairman of the Governmental Accounting Standards Board
April 4, 2013
GASB Offers Governmental Accounting Research System™ Online Platform
March 14, 2013
GASB Publishes New User Guide on Business-Type Activities
March 12, 2013
FAF Review Team Concludes GASB Statements on Deposit and Investment Risks Achieve Their Purposes
February 28, 2013
Financial Accounting Foundation Seeks Stakeholder Input on Proposed Changes to GASB Agenda-Setting Process
February 26, 2013
Financial Accounting Foundation Board of Trustees Approves New FASB/GASB Agenda-Setting Process, PIR Report
February 26, 2013
Media Advisory—The GASB’s New Standard for Government Combinations and Disposals of Government Operations Is Now Available
January 22, 2013
GASB Improves Reporting for Government Combinations and Disposals of Government Operations
January 8, 2013
Financial Accounting Foundation Appoints Six New Members to the Governmental Accounting Standards Advisory Council
December 4, 2012
GASB Chairman Robert H. Attmore to Retire in June 2013
October 2, 2012
Media Advisory—September 28 Is the Deadline for Comment on GASB’s Proposal on Financial Guarantees for State and Local Governments
September 18, 2012
Media Advisory—The GASB’s New Pension Standards Are Now Available
August 2, 2012
New GASB Analyst Guide to Governmental Financial Statements
July 26, 2012
GASB Improves Pension Accounting and Financial Reporting Standards
June 25, 2012
GASB Proposal Addresses Financial Guarantees For State and Local Governments
June 25, 2012
GASB Final Pronouncements Are Now Available as Free Downloads
June 1, 2012
New GASB User Guide to School Districts’ Finances Helps Taxpayers Find Answers to Many Questions
May 16, 2012
GASB Issues Statements No. 65 and No. 66
April 2, 2012
GASB Proposal Addresses Government Combinations and Disposals of Government Operations
March 16, 2012
Media Advisory—March 16 is the Deadline for Comment on GASB’s Proposed Reporting of Financial Projections for Assessing Economic Condition of Governments
February 29, 2012
GASB Issues Newly Expanded, Revised User Guide on Local Government Finances
February 15, 2012
The Financial Accounting Foundation Appoints William W. Fish and James E. Brown to the Governmental Accounting Standards Board
January 12, 2012
GASB Proposes Financial Projections for Assessing Economic Condition of Governments
December 6, 2011
Financial Accounting Foundation Appoints Five New Members to the Governmental Accounting Standards Advisory Council
November 18, 2011
Financial Accounting Foundation Appoints Three New Members to Its Board of Trustees
November 16, 2011
The Financial Accounting Foundation Reappoints Jan I. Sylvis to a Second Term on the GASB
November 15, 2011
GASB Proposes Technical Corrections
October 10, 2011
Michael Belsky Resigns from the Governmental Accounting Standards Board
October 6, 2011
GASB Extends Deadline Two Weeks for Submitting Comments on Pension Accounting and Financial Reporting Proposals and Changes the Date of the NYC Public Hearing
September 22, 2011
Deadlines Draw Near to Register for GASB User Forums and Public Hearings on Pension Accounting and Financial Reporting Proposals
September 8, 2011
GASB Proposes Recognition of Specific Items as Deferred Outflows and Deferred Inflows of Resources
August 26, 2011
Media Advisory—Registration Is Now Open for September 7 CPE Webcast, An In-Depth Look at the GASB’s Pension Proposals
August 25, 2011
Media Advisory—Registration Is Now Open for August 10 Webcast, An Overview of the GASB’s New Pension Proposals
July 27, 2011
GASB Issues Two New Statements to Address Pressing Issues
July 13, 2011
GASB Issues Preliminary Views on Recognition and Measurement of Elements of Financial Statements
July 11, 2011
GASB Proposes Major Improvements for Pension Reporting
July 8, 2011
Financial Accounting Foundation to Discuss Next Steps in Post-Implementation Review Process in May 20 Webcast
May 12, 2011
Deadline for Comment on GASB’s Proposed Guidance for Applying Termination of Hedge Accounting Provisions Is April 15, 2011
April 8, 2011
Deadline for Comment on GASB’s Proposed Guidance for Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position Is Friday, February 25
February 22, 2011
GASB Proposes Guidance for Applying Termination of Hedge Accounting Provisions
February 14, 2011
FAF President and CEO Teresa S. Polley Launches Interactive Online News Column—“From the President’s Desk”—to Enhance Constituent Communication
January 20, 2011
Financial Accounting Foundation Appoints Thomas J. Weyl to Represent the Investment Company Institute on the Governmental Accounting Standards Advisory Council
January 13, 2011
GASB Helps Practitioners to Identify Guidance Applicable to State and Local Governments
December 30, 2010
GASB Updates Reporting Entity Standards
December 17, 2010
GASB Issues Statement No. 60, Accounting and Financial Reporting for Service Concession Arrangements
December 16, 2010
GASB Proposes Guidance for Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position
November 24, 2010
GASB Issues Suggested Guidelines for Voluntary Reporting of Service Efforts and Accomplishments (SEA) Performance Information
July 14, 2010
Deadlines Approaching for Comment on Two GASB Exposure Drafts
June 28, 2010
GASB Issues Statement No. 59, Financial Instruments Omnibus
June 24, 2010
GASB Issues Revised Proposal on Service Concession Arrangements
June 17, 2010
GASB Issues Preliminary Views on Potential Improvements to Pension Standards
June 16, 2010
GASB Proposes to Amend Financial Reporting Entity Requirements
March 26, 2010
The Financial Accounting Foundation Appoints Michael H. Granof to the GASB
February 24, 2010
GASB Proposes to Enhance the Usefulness of Its Codification for Constituents
January 29, 2010
GASB Issues Final Statements on OPEB Measurements and Chapter 9 Bankruptcies
December 31, 2009
Financial Accounting Foundation Appoints New Members to the Governmental Accounting Standards Advisory Council
December 14, 2009
Comment Deadline Nears for GASB Proposals on Service Efforts and Accomplishments Reporting and Financial Instruments
October 16, 2009
Comment Deadline Nears on GASB Proposal on Service Concession Arrangements
September 4, 2009
Financial Accounting Foundation Appoints Edward E. Nusbaum and Luis M. Viceira to Its Board of Trustees
August 26, 2009
Deadline for Comment on Two GASB Exposure Drafts on OPEB Measurements and Chapter 9 Bankruptcies Quickly Approaching
August 14, 2009
DEADLINE APPROACHING FOR COMMENTING ON GASB—REEXAMINATION OF PENSION STANDARDS
July 22, 2009
GASB Proposes Suggested Guidelines for Voluntary Reporting of SEA Performance Information
July 1, 2009
GASB Proposes Statements on Service Concession Arrangements and Financial Instruments
July 1, 2009
GASB Issues Two Exposure Drafts on OPEB Measurements and Chapter 9 Bankruptcies
June 26, 2009
The Financial Accounting Foundation Appoints David E. Sundstrom to the GASB
May 21, 2009
GASB Issues Guide to Implementation of Statement 53 on Derivative Instruments
April 21, 2009
GASB Issues an Invitation to Comment on Pension Accounting and Financial Reporting
April 6, 2009
GASB Issues Statement No. 55, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments
April 2, 2009
GASB Improves the Usefulness of Reported Fund Balance Information
March 11, 2009
John J. Brennan Elected Chairman of the Financial Accounting Foundation
February 12, 2009
Financial Accounting Foundation Appoints Jeffrey Diermeier, Cynthia Eisenhauer, and Dennis Kass to its Board of Trustees
February 12, 2009
GASB Issues Concepts Statement No. 5, Service Efforts and Accomplishments Reporting (an amendment of GASB Concepts Statement No. 2)
December 15, 2008
GASB Issues Technical Bulletin No. 2008-1, Determining the Annual Required Contribution Adjustment for Postemployment Benefits
December 15, 2008
The Financial Accounting Foundation Reappoints Robert H. Attmore to a Second Term as GASB Chairman, and Appoints Michael D. Belsky to GASB
December 8, 2008
FAF Board of Trustees Reaffirms Commitment to Secure Stable and Sustainable Funding for the GASB
Recitals and Resolutions Adopted by the FAF Board of Trustees on November 18, 2008
November 18, 2008
GASB to Hold User Forum and Public Hearing on Its Request for Response on Suggested Guidelines for Voluntary Performance Reporting
October 1, 2008
GASB Proposes to Transfer Guidance from AICPA Auditing Literature—Proposal Intended to Assist Preparers in Applying Guidance
August 28, 2008
GASB Issues a Request for Response on Proposed Suggested Guidelines for Voluntary Reporting of SEA Performance Information
July 31, 2008
Girard Miller to Resign from Governmental Accounting Standards Board
July 14, 2008
GASB Issues Statement No. 53, Accounting and Financial Reporting for Derivative Instruments
June 30, 2008
Financial Accounting Foundation Names Teresa S. Polley President and Chief Operating Officer
May 21, 2008
GASB Revamps 2008 Technical Plan Adds Projects on Retirement Benefits, Public/Private Partnerships, and Reporting Units
April 24, 2008
GASB Acts to Improve the Reporting of Fund Balance Information for the Benefit of Financial Statement Users
February 29, 2008
The Financial Accounting Foundation Board of Trustees Approves Changes to Oversight, Structure and Operations of FAF, FASB and GASB
February 26, 2008
GASB Issues Standard on Land and Other Real Estate Held as Investments by Endowments
November 21, 2007
GASB Releases 2007-2008 Annual Bound Editions
October 15, 2007
GASB Seeks Public Input on Derivatives Proposals
October 01, 2007
GASB Issues Standard on Intangible Assets
July 10, 2007
GASB Proposes Standards for Reporting Government Derivatives—Proposal Would Make Transactions More Transparent to Public
June 29, 2007
GASB Defines Elements of Financial Statements
June 26, 2007
GASB Reconciles Disclosure Requirements for Governmental Pensions and Retiree Healthcare
May 31, 2007
Financial Accounting Foundation Appoints Girard Miller and Jan I. Sylvis to Governmental Accounting Standards Board
April 26, 2007
GASB Adds Project to Assist Governments That Choose to Report Performance Information
April 6, 2007
GASB Proposes Standards for Reporting Land and Other Real Estate Held as Investments
March 23, 2007
Deadline Approaching to Comment on GASB's Intangible Assets Proposal
March 7, 2007
James M. Williams Reappointed to the Governmental Accounting Standards Board
January 24, 2007
GASB to Hold User Roundtable and Public Hearing on Fund Balance Reporting and Governmental Fund Type Definitions
January 17, 2007
GASB Proposal Would Establish Guidance for Intangible Assets
December 27, 2006
GASB Proposal Would Enhance Disclosure Requirements for Governmental Pension Plans
December 15, 2006
GASB Issues Final Standard on Accounting for Pollution Remediation Obligations
December 1, 2006
GASB Publishes Comprehensive Implementation Guide
November 3, 2006
GASB Invites Public Comment on Accounting Issues Related to Fund Balance Reporting and Governmental Fund Type Definitions
October 20, 2006
GASB Issues Statement to Clarify Guidance on Accounting for Sales and Pledges of Receivables and Future Revenues
September 29, 2006
Carol A. Kraus, CPA, Appointed National Association of State Budget Officers Representative to the GASAC
September 22, 2006
Proposed GASB Concepts Statement Defines the Seven Elements of Governmental Financial Statements
August 14, 2006
GASB Issues Technical Bulletin That Clarifies Reporting of Medicare Part D Payments to State and Local Governments
June 30, 2006
GASB to Hold Panel Discussions, Public Hearing and User Roundtable on Derivatives
June 29, 2006
GASB to Hold Public Hearing on Accounting and Financial Reporting for Derivatives
June 5, 2006
Financial Accounting Foundation Appoints Distinguished Accounting Professor Thomas J. Linsmeier to the FASB
May 16, 2006
The Financial Accounting Foundation Appoints Christopher C. Allen as Director of Government Relations
May 9, 2006
GASB Issues Preliminary Views Document on Major Issues Related to Derivatives
April 28, 2006
Upcoming GASB Proposal Intends to Provide Public with Better Information to Understand, Assess Risks Associated with Derivatives
April 20, 2006
Cynthia B. Green and Richard C. Tracy Reappointed to Governmental Accounting Standards Board
March 8, 2006
Financial Accounting Foundation Announces Appointments to Governmental Accounting Standards Advisory Council
March 6, 2006
GASB Issues Proposed Staff Technical Bulletin Intended to Clarify Reporting of Medicare Part D Payments to State and Local Governments
February 17, 2006
GASB Publishes Implementation Guide to Statement 44 on the Statistical Section
December 29, 2005
The Financial Accounting Foundation Appoints Robert J. DeSantis President and Chief Operating Officer
September 22, 2005
The Financial Accounting Foundation Appoints Rick Anderson to FAF Board of Trustees and Announces Additional Reappointments
September 21, 2005
GASB Publishes Implementation Guide to Statements 43 and 45 on Postemployment Benefits Other Than Pensions
August 8, 2005
GASB Issues Guide to Understanding Service Efforts and Accomplishments Reports
July 29, 2005
GASB Completes Accounting Standards for Termination Benefits
June 27, 2005
GASB to Hold Public Hearing on Pollution Remediation Obligations
June 6, 2005
GASB Publishes Plain-Language Guide to Notes to The Financial Statements and Supporting Information
June 2, 2005
G. Michael Crooch Reappointed to Financial Accounting Standards Board
May 25, 2005
Financial Accounting Foundation Names Marcia L. Taylor to GASB Board; Reappoints William W. Holder to Board
May 23, 2005
Governmental Accounting Standards Board Issues Concepts Statement Related to Communication Methods
April 11, 2005
GASB Clarifies Reporting Of Net Assets
December 30, 2004
Governmental Accounting Standards Board Issues Technical Bulletin to Clarify Accounting for Employers—Contributions to Cost-Sharing Pension and OPEB Plans
December 30, 2004
Governmental Accounting Standards Board Issues Exposure Draft on Accounting for Termination Benefits
December 10, 2004
Governmental Accounting Standards Board Issues Proposed Technical Bulletin to Clarify Accounting for Employers—Pension and OPEB Contributions
October 12, 2004
GASB Issues Statement That Addresses Employer Reporting of Postemployment Benefits Other Than Pensions
August 2, 2004
GASB Issues Proposal on Net Assets Restricted by Enabling Legislation
July 7, 2004
Governmental Accounting Standards Board Issues Exposure Draft on Concepts Related to Communication Methods
June 24, 2004
GASB Issues Standards to Improve Postemployment Benefit Plan Reporting
May 11, 2004
Financial Accounting Foundation Reappoints Edward W. Trott, FASB Board Member, and Paul R. Reilly, GASB Board Member
February 19, 2004
Robert H. Attmore Elected Chairman of the Governmental Accounting Standards Board
February 11, 2004
Governmental Accounting Standards Board Issues Revised Exposure Draft on Employer Reporting of Other Postemployment Benefits
February 3, 2004
Governmental Accounting Standards Board Issues Proposed Technical Bulletin on Tobacco Settlement
December 31, 2003
Governmental Accounting Standards Board Issues Statement on Asset Impairment and Insurance Recoveries
November 18, 2003
Robert E. Denham Elected Chairman of Financial Accounting Foundation; Edward V. Regan Named Trustee
October 30, 2003
GASB Issues Report on Communicating Performance Information
October 13, 2003
GASB Proposes the Reporting of More Comprehensive Information for Financial Statement Users
September 11, 2003
GASB Improves Derivative Disclosure Requirements
June 25, 2003
Governmental Accounting Standards Board Issues Guidance on Budgetary Comparisons
May 20, 2003
Governmental Accounting Standards Board Issues Technical Bulletin To Improve Disclosures About Derivatives
April 2, 2003
Governmental Accounting Standards Board Issues Standard to Improve Disclosures on Deposit and Investment Risk
March 27, 2003
Governmental Accounting Standards Board Issues Exposure Draft on Other Postemployment Benefits to Increase Transparency
February 20, 2003
Governmental Accounting Standards Board Issues Exposure Draft on Asset Impairment and Insurance Recoveries
December 16, 2002
Governmental Accounting Standards Board Issues Exposure Draft on Budgetary Comparisons That Improves Transparency
December 13, 2002
Financial Accounting Foundation Increases Its Independence Through Amended Trustee Appointment Process
July 25, 2002
Governmental Accounting Standards Board Issues Exposure Draft on Deposit and Investment Risk Disclosures
July 1, 2002
GASB Expands on Financial Reporting Guidance for Fundraising Foundations and Similar Organizations
May 28, 2002
Bart Hildreth is Appointed ABFM—First Representative to the Governmental Accounting Standards Advisory Council
February 12, 2002
Sharon Russell, AGA Representative to the GASB—Governmental Accounting Standards Advisory Council
February 12, 2002
James M. Williams Named to the Governmental Accounting Standards Board
January 21, 2002
Edward J. Mazur Reappointed to the Governmental Accounting Standards Board
November 1, 2001
GASB Issues Exposure Draft on Affiliated Organizations
July 31, 2001
GASB Issues Two Statements In Connection with Its Landmark Financial Reporting Model for State and Local Governments
June 28, 2001
GASB Publishes Guide for Financial Statement Analysts
January 30, 2001
GASB Proposes Clarification of Certain Provisions of Statement 34
January 8, 2001
GASB Publishes New Guide to Public School Financial Statements
December 29, 2000
Green, Tracy Reappointed to Governmental Accounting Standards Board
October 27, 2000
GASB Guide Introduces New Financial Statement Information to Users
October 4, 2000
Initial GASB Statement Proposed in Extensive Effort to Review Current Disclosure Requirements
June 30, 2000
GASB Publishes Guide to Implementing New Financial Statements
May 5, 2000
GASB Establishes Symmetry between Recipients And Providers in Accounting for Certain Shared Revenues
May 5, 2000