FAF 50TH ANNIVERSARY
A Message from FAF Executive Director
Standards That Work
THE IMPORTANCE OF GAAP
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.