FAF Statement 06/16/22

FAF Issues Statement Remembering Former FASB Member Raymond C. Lauver

Norwalk, CT—June 16, 2022—The Financial Accounting Foundation (FAF) today issued the following statement regarding former Financial Accounting Standards Board (FASB) Member Raymond C. Lauver, who died recently.

The statement should be attributed to John W. Auchincloss, Executive Director of the FAF:

“It is with great sadness that we acknowledge the recent passing of Raymond Lauver, who served with distinction on the FASB from 1984 to 1990. Ray was known for his intellect, graciousness, humor, and deep commitment to the FASB’s mission. He is fondly remembered by current and former FASB staff members as a mentor who generously shared his time and expertise to develop the next generation of accounting leaders. He was a true gentleman who took great care to ‘do the right thing’ in his professional and personal life.

“Ray will be deeply missed by all who worked with him. We offer our deepest condolences to his daughters, Diane Lauver and Joan Lauver Patton, and their families.”

Mr. Lauver joined the FASB in 1984, where he spent six years. He joined the Board after more than three successful decades with Price Waterhouse & Co., including as its National Director of Accounting Services. He also served as President of the American Institute of Certified Public Accountants (AICPA).