Mission, Vision, and Core Values
Greater accountability and well-informed decision making through excellence in public-sector financial reporting.
To establish and improve standards of state and local governmental accounting and financial reporting that will:
- Result in useful information for users of financial reports, and
- Guide and educate the public, including issuers, auditors, and users of those financial reports.
The mission is accomplished through a comprehensive and independent process that encourages broad participation, objectively considers all stakeholder views, and is subject to oversight by the Financial Accounting Foundation’s Board of Trustees.
The autonomy to pursue the best answer for all constituents, free from undue influence or pressure.
Honest, ethical, and forthright behavior in relationships with all constituents.
Impartial decisions informed by credible research and thorough deliberations, including due consideration of the views of constituents and the work of other standards setters.
An open process that encourages and values public participation.