News Release 01/23/20
Financial Accounting Foundation Announces Search for New Member of Governmental Accounting Standards Board
Norwalk, CT—January 23, 2020—The Financial Accounting Foundation (FAF) today announced it has opened the search for the next member of the Governmental Accounting Standards Board (GASB). The seven-member GASB will have an open seat on July 1, 2020, when Dr. Michael H. Granof leaves the Board at the end of his second five-year term.
The FAF is seeking an individual with a strong background as a state government auditor or similar government role to fill Dr. Granof’s seat. Former state auditors have served continuously on the GASB since its inception in 1984, and they provide a vital perspective to the GASB as the Board works to improve public sector accounting standards.
Beyond this specific professional background, interested candidates must demonstrate a track record of professional conduct that is conducive to the standard-setting process. Important traits include a high level of intellect that is applied with integrity and discipline; the ability to work in a collegial, consensus-driven atmosphere; excellent communication skills; and a commitment to advocate for the public interest.
The appointment is a part-time role that requires about one-third the time commitment of a full-time position. A full job description and list of requirements can be found on the Financial Accounting Foundation careers website. Interested candidates must apply by February 24, 2020.
About the Financial Accounting Foundation
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). The FASB and GASB establish and improve financial accounting and reporting standards—known as Generally Accepted Accounting Principles, or GAAP—for public and private companies, not-for-profit organizations, and state and local governments in the United States. For more information, visit www.accountingfoundation.org.
About the Governmental Accounting Standards Board
Established in 1984, the GASB is the independent, private-sector organization based in Norwalk, Connecticut, that establishes accounting and financial reporting standards for U.S. state and local governments that follow Generally Accepted Accounting Principles (GAAP). These standards are recognized as authoritative by state and local governments, state Boards of Accountancy, and the American Institute of CPAs (AICPA). The GASB develops and issues accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to taxpayers, public officials, investors, and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the GASB. For more information, visit www.gasb.org.