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 Chairman’s Award bestowed on our organization at NABA’s recent national convention in Las Vegas.

“During the past year, NABA has become a critically important partner in our effort to increase the diversity of our organization and of the accounting profession as a whole. We look forward to working with NABA Board Chairman Kenneth E. Cooke, CPA, and other NABA leaders in the months and years ahead to help achieve our mutual goal of expanding opportunities and recognition for women and men of color in the accounting profession.”


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.