NEWS & MEDIA

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FAF Reappoints Carolyn Smith to the Governmental Accounting Standards Board and Appoints Robert W. Hamilton as Chair of the Governmental Accounting Standards Advisory Council

Norwalk, CT, November 14, 2023—The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the reappointment of Carolyn Smith to the Governmental Accounting Standards Board (GASB) for a second five-year term. Her service on the GASB continues through December 31, 2029....

News Release
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GASB Proposes Guidance on Disclosure and Classification of Certain Capital Assets

Norwalk, CT, September 28, 2023—The Governmental Accounting Standards Board (GASB) today issued a proposal that would establish requirements for certain types of capital assets to be disclosed separately for purposes of note disclosures....

Media Advisory | Exposure Draft
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GASB Adds Project on Subsequent Events to Current Technical Agenda

Norwalk, CT, September 7, 2023—The Governmental Accounting Standards Board (GASB) recently added a project on accounting and financial reporting issues for subsequent events to the Board’s current technical agenda....

Media Advisory
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Replacement of London Interbank Offered Rate—Update

Norwalk, CT, July 17, 2023—In April 2022, the Government Accounting Standards Board issued Statement No. 99, Omnibus 2022, which stated that for purposes of applying paragraphs 35–38 of Statement No. 53, Accounting and Financial Reporting for Derivative Instruments, as amended, the London Interbank Offered Rate (LIBOR) is no longer an appropriate...

Media Advisory
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Financial Accounting Foundation Issues 2022 Annual Report—FASB 50th Anniversary Edition

Norwalk, CT, July 12, 2023—The Financial Accounting Foundation (FAF) today posted its 2022 Annual Report to its website. The report is available as a printable PDF file and as an enhanced digital version....

Media Advisory | Annual Report
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GASB Provides Guidance to Assist Stakeholders with Application of Its Pronouncements

Norwalk, CT, July 10, 2023—The Governmental Accounting Standards Board today issued implementation guidance in the form of questions and answers intended to clarify, explain, or elaborate on certain GASB pronouncements....

Media Advisory | Implementation Guide No. 2023-1, Implementation Guidance Update—2023
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MEDIA INQUIRIES

All media inquiries are coordinated through the FAF Communications Department.

Christine L. Klimek

Senior Manager, Communications
(203) 956-3459 | clklimek@f-a-f.org

Jordan C. (Kip) Betz

Senior Manager, Communications
203-956-5201 | jcbetz@f-a-f.org

Dana Freeman

Senior Manager, Communications
(203) 956-5279 | dfreeman@f-a-f.org



Join Media List

801 Main Avenue
P.O. Box 5116
Norwalk, Connecticut 06856-5116

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IN THE NEWS. . .

Archive of GASB announcements categorized by year.

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PLAIN-LANGUAGE ARTICLES

The GASB is committed to communicating in plain-language with its constituents about its standards and standards-setting activities.

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BRIDGING THE GAAP PODCAST

Monthly podcast offering a deep dive into timely financial reporting issues and updates.

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BOARD MEETING HIGHLIGHTS/ARTICLES FROM THE GASB REPORT

The area of the website features articles detailing highlights of recent GASB meetings and offers articles from the GASB Report, the GASB’s electronic notification service.

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EDUCATIONAL WEBCASTS/ VIDEOS

This page provides an archive of GASB video resources, including educational webcasts and videos on a variety of GASB themes.

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