About the FAF
About the FAF Trustees
ABOUT THE FAF
Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).
FAF 50TH ANNIVERSARY
We are honored to mark this important milestone in FAF history, and to continue to support our standard-setting boards as they, and we, collectively fulfill our mission to establish and improve financial accounting standards for the world’s largest capital market.
ABOUT THE FAF TRUSTEES
The FAF Board of Trustees comprises 14-18 members from varied backgrounds—users, preparers, and auditors of financial statements; state and local government officials; academics; and regulators. The FAF directs the effective, efficient, and appropriate stewardship of the FASB and GASB in carrying out their missions; selects and appoints FASB and GASB members and their advisory councils; oversees the Boards’ activities and due process; and promotes and protects the independence of the Boards.
The Financial Accounting Foundation annual budget, financial statements, annual reports, and funding information.
WASHINGTON D.C. OFFICE
The Financial Accounting Foundation’s commitment to stakeholder outreach, including policymakers on Capitol Hill, is furthered through the work of the FAF’s Washington, DC office.