News & Media

GASB Issues Proposed Guidance on External Investment Pools and Component Units

Norwalk, CT, June 30, 2015—The Governmental Accounting Standards Board (GASB) today issued two Exposure Drafts proposing accounting and financial reporting guidance related to external investment pools and how certain component units should be presented in a governmental reporting entity’s financial statements....

News Release | Exposure Documents

GASB Simplifies GAAP Hierarchy for
State and Local Governments

Norwalk, CT, June 29, 2015—The Governmental Accounting Standards Board (GASB) today issued a final Statement that simplifies the structure of the hierarchy of Generally Accepted Accounting Principles (GAAP)—or “GAAP hierarchy.” The GAAP hierarchy identifies....

News Release | GASB Statement No. 76

GASB Publishes New Standards for Reporting Health Insurance and Other Retiree Benefits

Norwalk, CT, June 29, 2015—The Governmental Accounting Standards Board (GASB) today published two Statements that intend to improve the accounting and financial reporting by state and local governments for postemployment benefits other than pensions....

News Release | GASB Statements | GASB In Focus | Video

FAF Issues Statement of Appreciation for Award From National Association of Black Accountants

Norwalk, CT, June 29, 2015—The following statement should be attributed to Teresa S. Polley, president and chief executive officer of the Financial Accounting Foundation (FAF): “On behalf of the FAF, the FASB, and the GASB, I’d like to express our deepest appreciation and thanks to the National Association of Black Accountants (NABA, Inc.) for the 2015....

Statement

GASB Proposes Enhanced Guidance on Irrevocable Split-Interest Agreements

Norwalk, CT, June 12, 2015—The Governmental Accounting Standards Board (GASB) today issued an Exposure Draft proposing recognition and measurement guidance for governments that benefit from irrevocable split-interest agreements....

News Release | Exposure Document

GASB Improves Reporting for Health Insurance and Other Retiree Benefits

Norwalk, CT, June 2, 2015—The Governmental Accounting Standards Board (GASB) today voted unanimously to approve two Statements that will significantly improve the accounting and financial reporting by state and local governments for postemployment benefits other than pensions (OPEB), primarily retiree health insurance....

News Release

FAF Names Robert W. Scott as Chairman of GASAC; Appoints New GASAC and FASAC Members

Norwalk, CT, May 22, 2015—The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the appointment of Robert W. Scott, director of finance for the city of Brookfield, Wisconsin, as Chairman of the Governmental Accounting Standards Advisory Council (GASAC)....

News Release

Financial Accounting Foundation Issues 2014 Annual Report

Norwalk, CT, May 18, 2015—The Financial Accounting Foundation (FAF) today issued its 2014 Annual Report, available online at www.accountingfoundation.org.

News Release | Annual Report

Financial Accounting Foundation Names Todd L. Cranford Head of Government Affairs and External Relations

Norwalk, CT, May 11, 2015—The Financial Accounting Foundation (FAF) today announced that Todd L. Cranford will become its new head of government affairs and external relations, based in Washington DC, effective June 1, 2015.

News Release

GASB Adds Pre-Agenda Research on Going Concern, Debt;
Removes Project on Financial Projections

Norwalk, CT, April 24, 2015—The Governmental Accounting Standards Board (GASB) has voted to initiate pre-agenda research on improvements to going concern and debt disclosure guidance. In a related action, the Board also decided to remove the project on Economic Condition Reporting from the current technical agenda....

News Release
  • June 30, 2015 GASB Issues Proposed Guidance on External Investment Pools and Component Units
  • June 29, 2015 GASB Simplifies GAAP Hierarchy for
    State and Local Governments
  • June 29, 2015 GASB Publishes New Standards for Reporting Health Insurance and Other Retiree Benefits
  • June 29, 2015 FAF Issues Statement of Appreciation for Award From National Association of Black Accountants
  • June 12, 2015 GASB Proposes Enhanced Guidance on Irrevocable Split-Interest Agreements
  • June 2, 2015 GASB Improves Reporting for Health Insurance and Other Retiree Benefits
  • May 22, 2015 FAF Names Robert W. Scott as Chairman of GASAC; Appoints New GASAC and FASAC Members
  • May 18, 2015 Financial Accounting Foundation Issues 2014 Annual Report
  • May 11, 2015 Financial Accounting Foundation Names Todd L. Cranford Head of Government Affairs and External Relations
  • April 24, 2015 GASB Adds Pre-Agenda Research on Going Concern, Debt;
    Removes Project on Financial Projections

Media Inquiries

All media inquiries 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

Jordan C. (Kip) Betz

Manager, Media Relations & Editorial Services
203-956-5201 | jcbetz@f-a-f.org

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