Media Advisory 03-07-11


Financial Accounting Foundation Announces Live Video Webcasting of FASB Education Sessions

Norwalk, CT, March 7, 2011—The Financial Accounting Foundation (FAF) today announced that it will begin live video webcasting of all education sessions hosted by the Financial Accounting Standards Board (FASB). Education sessions are public FASB meetings that allow Board members to learn about financial reporting issues expected to be discussed at an upcoming decision-making meeting and to consider alternative ways of addressing them. Education sessions are usually held one week before a public Board meeting is held on that same topic; no official FASB decisions are made at education sessions. In December, the FAF began video webcasts of all FASB decision-making meetings. The FAF is the independent, private-sector organization responsible for the oversight of the FASB and the Governmental Accounting Standards Board.

The first FASB education sessions to be video webcast are scheduled to take place on Wednesday, March 9 following the weekly Board meeting. Education session topics are posted on the FASB website.

About the Financial Accounting Foundation

The FAF is responsible for the oversight, administration, and finances of both the Financial Accounting Standards Board and its counterpart for state and local government, the Governmental Accounting Standards Board. The FAF also is responsible for selecting the members of both Boards and their respective Advisory Councils.