FAF 50TH ANNIVERSARY
A Message from FAF Executive Director
Standards That Work
How We're Funded
THE IMPORTANCE OF GAAP
Why do we need Generally Accepted Accounting Principles (GAAP)? This short video provides the answer for those who are new to the work of the FAF, the FASB, and the GASB.
MEET THE TRUSTEES
The FAF Board of Trustees comprises 14-18 members from varied backgrounds—users, preparers, and auditors of financial statements; state and local government officials; academics; and regulators.
INDEPENDENCE & DUE PROCESS
Financial reporting—balance sheets—income statements—financial notes and disclosures—is the language we use to communicate information about the financial condition of a company, public or private, a not-for-profit organization, or a state or local government.