Financial Accounting Foundation Appoints New Members to the Financial Accounting Standards Advisory Council
The Board of Trustees of the Financial Accounting Foundation (FAF) have announced the appointment of ten new members to the Financial Accounting Standards Advisory Council (FASAC). The FASAC is responsible for advising the Financial Accounting Standards Board (FASB) on technical issues, project priorities, and other matters that affect standard-setting.
Members of the FASAC are chosen from a broad cross-section of the FASB’s constituencies, including preparers, users, practitioners, associations, academics and others interested or involved in financial reporting. They are selected based on their professional expertise and in consideration of the need to bring a wide variety of constituent views to the table. The following new members will begin their term on the FASAC effective 1 January 2010: