FAF Appoints Nine New FASAC Members
The Financial Accounting Foundation (FAF) has appointed nine 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 2011:
User (investor) community
Preparer (corporate) community
Practitioner (audit) community