News & Media

GASB Establishes Single Approach for Reporting Leases

Norwalk, CT, June 28, 2017—The Governmental Accounting Standards Board (GASB) today issued guidance that establishes a single approach to accounting for and reporting leases by state and local governments. This single approach is based on the principle that leases are financings of the right to use an underlying asset....

News Release | Statement No. 87

FAF Issues 2016 Annual Report: “Better standards. Better-informed decisions.”

Norwalk, CT, May 18, 2017—The Financial Accounting Foundation (FAF) today posted its 2016 Annual Report to the FAF website. The report is available in print, PDF , and interactive digital versions....

News Release | 2016 Annual Report

Financial Accounting Foundation Names Jeff Previdi Vice Chairman of Governmental Accounting Standards Board

Norwalk, CT, May 17, 2017—The Board of Trustees of the Financial Accounting Foundation (FAF) has named Jeffrey J. Previdi as vice chairman of the Governmental Accounting Standard Board (GASB). The FAF oversees the GASB and its sister organization, the Financial Accounting Standards Board (FASB)....

News Release

FAF Reappoints James E. Brown to Second Term on the GASB; Appoints Kristopher E. Knight to Board

Norwalk, CT, February 28, 2017—The Board of Trustees of the Financial Accounting Foundation (FAF) today reappointed veteran governmental auditor James E. Brown to a second term on the Governmental....

News Release

GASB Issues Invitation to Comment in Project Designed to Improve Financial Reporting Model

Norwalk, CT, January 4, 2017—The Governmental Accounting Standards Board (GASB) has issued an Invitation to Comment (ITC) on potential improvements to the governmental funds portion of the financial reporting model....

News Release | Invitation to Comment

GASB Issues Guidance on Certain Asset Retirement Obligations

Norwalk, CT, December 7, 2016—The Governmental Accounting Standards Board (GASB) today issued guidance for state and local governments addressing liabilities known as "asset retirement obligations."....

News Release | Statement No. 83
  • June 28, 2017 GASB Establishes Single Approach for Reporting Leases
  • May 18, 2017 FAF Issues 2016 Annual Report: “Better standards. Better-informed decisions.”
  • May 17, 2017 Financial Accounting Foundation Names Jeff Previdi Vice Chairman of Governmental Accounting Standards Board
  • February 28, 2017 FAF Reappoints James E. Brown to Second Term on the GASB; Appoints Kristopher E. Knight to Board
  • January 4, 2017 GASB Issues Invitation to Comment in Project Designed to Improve Financial Reporting Model
  • December 7, 2016 GASB Issues Guidance on Certain Asset Retirement Obligations

Media Inquiries

All media inquiries are coordinated through the FAF Communications Department.

Christine L. Klimek

Senior Manager, Media Relations & Executive Communications
(203) 956-3459 | clklimek@f-a-f.org

John C. Pappas

Senior Manager, Media Relations & Constituent Communications
203-956-3440 | jcpappas@f-a-f.org

Jordan C. (Kip) Betz

Manager, Media Relations & Editorial Services
203-956-5201 | jcbetz@f-a-f.org

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