News Release 06/27/16


Norwalk, CT—June 27, 2016—The Financial Accounting Foundation (FAF) today issued its 2015 Annual Report in an enhanced digital format. The new digital edition of the report—“Serving the Financial Statement User”—is optimized for use by any browser in any format, including desktop, tablet, or phone, and is available on the FAF website.

The enhanced digital version enables readers to access annual report content on the go, providing the ability to quickly navigate to different sections. It also features links to relevant documents issued by the FAF, the Financial Accounting Standards Board (FASB), and the Governmental Accounting Standards Board (GASB).

As part of the enhancements, the digital version also includes links to new videos tied to the theme of “Serving the Financial Statement User.” They include profiles of individual financial statement users explaining, in their own words, the importance of high-quality financial reporting to the work that they do. Additional video content focuses on how the FASB and the GASB serve the capital markets through their specific roles in the standard-setting process, and on how the U.S. GAAP Financial Reporting Taxonomy benefits investors.

Last month, the FAF issued PDF and hard-copy versions of the 2015 Annual Report. Those interested in receiving a hard-copy version of the report may request one by emailing Hard copies are available in limited quantities and will be distributed on a first-come, first-served basis.

To access the digital-friendly and PDF versions of the 2015 FAF Annual Report, visit

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