Financial Accounting Foundation (FAF)

🌟We were thrilled to welcome bright honors accounting students from The Ohio State University to our Norwalk, CT headquarters! 📚 The day began with an FASB introduction by Supervising Project Manager Nick Cappiello, followed by insights from Deputy Technical Director Nellie Debbeler. After a short break, GASB Senior Research Manager Tammy Waymire and Postgraduate Technical Assistant Emily Pesce presented an overview of government accounting. The sessions continued with a Taxonomies Overview by Postgraduate Technical Assistant (XBRL) Erik Hovila and concluded with insights into our Postgraduate Technical Assistant Program by Maddie Stopler and Anna Thomas. Thanks to the students for their enthusiasm and thoughtful questions. We can't wait to see your impact in the accounting world! 💼🌍 #FAF #FASB #GASB #AccountingEducation #FutureAccountants

Attention Stakeholders 📢 The Financial Accounting Foundation (FAF) Trustees are seeking your valuable feedback on the effectiveness of the Private Company Council (PCC), overseen by the Financial Accounting Standards Board (FASB). Please watch our informative video and access the Request for Public Comment packet on our website. This packet includes essential information about the PCC along with guiding questions to focus your feedback. We eagerly await your insights and suggestions. Send your comment letters to pccreview@f-a-f.org by May 31, 2024. Thank you for your participation in this important assessment! #PrivateCompanies #AccountingStandards #FASB #FAF https://lnkd.in/etur-cQB

🌟 The Financial Accounting Foundation (#FAF) is seeking nominations for new members to join FASAC for an initial one-year term starting January 1, 2025. As the primary advisory body to the FASB, FASAC plays a crucial role in advising on agenda projects, priorities, and procedural matters. To nominate a candidate or self-nominate, use the FASAC nomination form https://bit.ly/4bitlhk and submit it by June 28, 2024. FASAC seeks diverse perspectives and backgrounds, particularly from the investor, corporate, and governance communities. Ideal candidates should possess expertise in financial accounting and reporting, complemented by skills that enhance the collective membership of FASAC. #FASAC #FinancialReporting #AccountingStandards

We were thrilled to welcome accounting students from Mercy University, along with their professors Stephen Yost, Kelly Blacker, and Denise Stefano, to our offices in Norwalk, CT. Together, we delved into the world of #FASB, #GASB, and #FAF, providing valuable insights into the standard-setting process and its impact on accounting practices. Our engaging discussions also highlighted our renowned Postgraduate Technical Assistant (PTA) Program, offering hands-on experience for aspiring accountants. Huge gratitude to our dedicated presenters, shaping the future of accounting professionals! 📊💼 #AccountingEducation #FutureAccountants

We were honored to host Master of Accounting Students from the University of New Hampshire at our Norwalk, CT office, where they learned more about #FASB, #GASB, and #FAF. Additionally, they learned about our esteemed Postgraduate Technical Assistant (PTA) Program, which offers hands-on experience in real-world accounting. A big thank you to our dedicated staff for their informative presentations and for imparting their expertise to the next generation of accountants! 📊💼 #AccountingEducation #FutureLeaders

The Financial Accounting Foundation (#FAF) has released a call for public feedback as part of its review of the Private Company Council (PCC). With a focus on good governance, FAF Trustees regularly evaluate the PCC's effectiveness, seeking input from stakeholders. This marks the second comprehensive review since 2015. Stakeholders are invited to share their thoughts on the PCC's role in proposing GAAP alternatives and providing private company perspectives to the FASB. Submit comments by May 31, 2024. Access the full request for input here: https://bit.ly/49Qpjfe.

Attention Stakeholders 📢 The Financial Accounting Foundation (FAF) Trustees are seeking your valuable feedback on the effectiveness of the Private Company Council (PCC), overseen by the Financial Accounting Standards Board (FASB). Please watch our informative video and access the Request for Public Comment packet on our website. This packet includes essential information about the PCC along with guiding questions to focus your feedback. We eagerly await your insights and suggestions. Send your comment letters to pccreview@f-a-f.org by May 31, 2024. Thank you for your participation in this important assessment! #PrivateCompanies #AccountingStandards #FASB #FAF https://lnkd.in/etur-cQB

We're excited to share a glimpse into the fun-filled afternoon we had at our Community Outreach and Activities Team’s (COAT) Annual Spring Trivia Contest! 🎉 Our employees gathered for some friendly competition and team bonding, tackling general trivia and industry-specific questions with enthusiasm to help support charities of their choice. Check out these photos capturing the fun moments! Stay tuned for more updates on our exciting events. #TeamBuilding 🎉🧠

Please join the Financial Accounting Foundation in congratulating Lisa Roos (c.), FAF Manager of Research & Administration, who recently graduated from the 2023-2024 Norwalk Leadership Institute. Sponsored by the Greater Norwalk Chamber of Commerce, NLI is a localized professional development program that prepares motivated individuals to assume leadership and management positions in business, local organizations, government, and the community at large. Through a series of informative sessions and a community focused group project, NLI provides future leaders insight into the community and its key issues, while also affording the opportunity to learn and work with others in an intimate and collegiate environment. On hand to congratulate Lisa are Greater Norwalk Chamber CEO Brian Griffin and Chamber Board Chair Kristin Okesson, SVP of Connoisseur Media. For more information about the program, visit https://bit.ly/4afIRdM

We are excited to announce the appointment of Jackson Day as the new Technical Director of the Financial Accounting Standards Board (FASB). With 38 years of accounting expertise, Mr. Day will bring invaluable insights and leadership to our team starting this July. 🌟 Rich Jones, FASB Chair, expressed his enthusiasm, stating, "I am very pleased that Jack will join us to lead the FASB technical staff. His years of experience, his global perspective, and his collaborative leadership style will contribute positively to the work we will do in the years ahead." Mr. Day's illustrious career includes pivotal roles at Ernst & Young LLP and the U.S. Securities and Exchange Commission. His dedication to excellence and standard setting will be instrumental in shaping the future of financial reporting.