News Release Archive

Search by year:
 

MEDIA INQUIRIES

All media inquiries regarding FAF, FASB and GASB 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

Fax: 203-849-9714
401 Merritt 7, PO Box 5116
Norwalk, CT 06856
 

The following announcements were issued as noted by the Governmental Accounting Standards Board and the Financial Accounting Foundation. To obtain GASB publications mentioned in the news releases below, see Ordering GASB Publications and Subscriptions.

Post-Implementation Review Completed on GASB Standard Addressing Capital Asset Impairment, Insurance Recoveries
August 19, 2014

Registration Opens for Two Educational Webinars on the GASB Proposals on Other Postemployment Benefits
July 16, 2014

Registration Opens for Two Educational Webinars on the GASB Proposal on Fair Value Measurement & Application
June 27, 2014

Financial Accounting Foundation Names Washington State Investment Officer Gary Bruebaker to Its Board of Trustees
June 24, 2014

The GASB’s OPEB Proposals and Related Resources Are Now Available Online
June 16, 2014

Financial Accounting Foundation Names Two New Members to Governmental Accounting Standards Advisory Council
May 29, 2014

GASB Proposes Major Improvements for Reporting Health Insurance and Other Retiree Benefits
May 28, 2014

GASB Issues Exposure Draft on Fair Value Measurement and Application
May 15, 2014

GASB Issues Concepts Statement on Measurement of Assets and Liabilities
April 14, 2014

GARS “Mobile” Version Now Available for Tablet Devices
April 4, 2014

GASB Declines to Delay Implementation Date of Pension Standards
March 24, 2014

GASB Toolkit Helps State and Local Governments Implement New Pension Accounting Standards
March 11, 2014

GASB Proposes New GAAP Hierarchy for State and Local Governments and Exposes Entire Implementation Guide for Public Comment
February 27, 2014

Financial Accounting Foundation Reappoints David E. Sundstrom to a Second Term on the GASB
February 27, 2014

GASB Launches GASB Outlook Quarterly E-Newsletter
February 12, 2014

GASB Issues Guidance for Implementing Pension Standards
January 30, 2014

GASB Resolves Transition Issue in Pension Standards
November 25, 2013

Financial Accounting Foundation Names Six New Members to the Governmental Accounting Standards Advisory Council
November 25, 2013

Financial Accounting Foundation Names Maryland State Treasurer Nancy K. Kopp to Its Board of Trustees
November 19, 2013

FAF Issues Final Policy on GASB Scope of Authority
November 19, 2013

GASB Toolkit Helps Pension Plans Implement New Accounting Standards
November 11, 2013

FAF Issues Updated GASB Annual Bound Editions
November 5, 2013

GASB Offers Webcasts for Public Board Meetings
October 8, 2013

Governmental Accounting Standards Board Launches New Website
September 30, 2013

FAF Issues Revised Proposal on GASB Scope of Authority
August 20, 2013

FAF Review Concludes GASB Standards on Risk Financing and Insurance-Related Activity Achieve Their Purposes
August 20, 2013

Registration Opens for September 5 Webcast In Focus: Overview of GASB Proposals for Financial Statement Users
August 19, 2013

FAF to Conduct Post-Implementation Review of GASB Standard on Impairment of Capital Assets
July 17, 2013

GASB Issues Proposal Addressing Transition Issue in Pension Standards
July 2, 2013

GASB Issues Implementation Guide for Pension Plans
June 27, 2013

GASB Issues Proposals on Concepts for Measurement of Assets and Liabilities and on the Measurement and Application of Fair Value
June 20, 2013

Media Advisory—Registration Opens for June 10 Webcast, In Focus: GASB/FASB Update
June 6, 2013

Media Advisory—Financial Accounting Foundation Publishes 2012 Annual Report
May 22, 2013

Media Advisory—The GASB’s New Statement for Nonexchange Financial Guarantees Is Now Available
April 30, 2013

FAF and FASB Mark 40th Anniversary with Updated Branding, New Websites
April 29, 2013

GASB Improves Reporting for Nonexchange Financial Guarantees
April 22, 2013

GASB Responds to Financial Accounting Foundation’s Post-Implementation Review of Deposit and Investment Risk Disclosure Standards
April 10, 2013

Financial Accounting Foundation Names David A. Vaudt Chairman of the Governmental Accounting Standards Board
April 4, 2013

GASB Offers Governmental Accounting Research System™ Online Platform
March 14, 2013

GASB Publishes New User Guide on Business-Type Activities
March 12, 2013

FAF Review Team Concludes GASB Statements on Deposit and Investment Risks Achieve Their Purposes
February 28, 2013

Financial Accounting Foundation Seeks Stakeholder Input on Proposed Changes to GASB Agenda-Setting Process
February 26, 2013

Financial Accounting Foundation Board of Trustees Approves New FASB/GASB Agenda-Setting Process, PIR Report
February 26, 2013

Media Advisory—The GASB’s New Standard for Government Combinations and Disposals of Government Operations Is Now Available
January 22, 2013

GASB Improves Reporting for Government Combinations and Disposals of Government Operations
January 8, 2013

Financial Accounting Foundation Appoints Six New Members to the Governmental Accounting Standards Advisory Council
December 4, 2012

GASB Chairman Robert H. Attmore to Retire in June 2013
October 2, 2012

Media Advisory—September 28 Is the Deadline for Comment on GASB’s Proposal on Financial Guarantees for State and Local Governments  
September 18, 2012

Media Advisory—The GASB’s New Pension Standards Are Now Available 
August 2, 2012

New GASB Analyst Guide to Governmental Financial Statements 
July 26, 2012

GASB Improves Pension Accounting and Financial Reporting Standards 
June 25, 2012

GASB Proposal Addresses Financial Guarantees For State and Local Governments 
June 25, 2012

GASB Final Pronouncements Are Now Available as Free Downloads
June 1, 2012

New GASB User Guide to School Districts’ Finances Helps Taxpayers Find Answers to Many Questions 
May 16, 2012

GASB Issues Statements No. 65 and No. 66 
April 2, 2012

GASB Proposal Addresses Government Combinations and Disposals of Government Operations 
March 16, 2012

Media Advisory—March 16 is the Deadline for Comment on GASB’s Proposed Reporting of Financial Projections for Assessing Economic Condition of Governments  
February 29, 2012

GASB Issues Newly Expanded, Revised User Guide on Local Government Finances 
February 15, 2012

The Financial Accounting Foundation Appoints William W. Fish and James E. Brown to the Governmental Accounting Standards Board
January 12, 2012

GASB Proposes Financial Projections for Assessing Economic Condition of Governments
December 6, 2011

Financial Accounting Foundation Appoints Five New Members to the Governmental Accounting Standards Advisory Council
November 18, 2011

Financial Accounting Foundation Appoints Three New Members to Its Board of Trustees
November 16, 2011

The Financial Accounting Foundation Reappoints Jan I. Sylvis to a Second Term on the GASB
November 15, 2011

GASB Proposes Technical Corrections 
October 10, 2011

Michael Belsky Resigns from the Governmental Accounting Standards Board
October 6, 2011

GASB Extends Deadline Two Weeks for Submitting Comments on Pension Accounting and Financial Reporting Proposals and Changes the Date of the NYC Public Hearing 
September 22, 2011

Deadlines Draw Near to Register for GASB User Forums and Public Hearings on Pension Accounting and Financial Reporting Proposals 
September 8, 2011

GASB Proposes Recognition of Specific Items as Deferred Outflows and Deferred Inflows of Resources 
August 26, 2011

Media Advisory—Registration Is Now Open for September 7 CPE Webcast, An In-Depth Look at the GASB’s Pension Proposals 
August 25, 2011

Media Advisory—Registration Is Now Open for August 10 Webcast, An Overview of the GASB’s New Pension Proposals 
July 27, 2011

GASB Issues Two New Statements to Address Pressing Issues 
July 13, 2011

GASB Issues Preliminary Views on Recognition and Measurement of Elements of Financial Statements 
July 11, 2011

GASB Proposes Major Improvements for Pension Reporting 
July 8, 2011

Financial Accounting Foundation to Discuss Next Steps in Post-Implementation Review Process in May 20 Webcast
May 12, 2011

Deadline for Comment on GASB’s Proposed Guidance for Applying Termination of Hedge Accounting Provisions Is April 15, 2011 
April 8, 2011

Deadline for Comment on GASB’s Proposed Guidance for Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position Is Friday, February 25  
February 22, 2011

GASB Proposes Guidance for Applying Termination of Hedge Accounting Provisions  
February 14, 2011

FAF President and CEO Teresa S. Polley Launches Interactive Online News Column—“From the President’s Desk”—to Enhance Constituent Communication
January 20, 2011

Financial Accounting Foundation Appoints Thomas J. Weyl to Represent the Investment Company Institute on the Governmental Accounting Standards Advisory Council
January 13, 2011

GASB Helps Practitioners to Identify Guidance Applicable to State and Local Governments
December 30, 2010

GASB Updates Reporting Entity Standards 
December 17, 2010

GASB Issues Statement No. 60, Accounting and Financial Reporting for Service Concession Arrangements  
December 16, 2010

GASB Proposes Guidance for Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position 
November 24, 2010

GASB Issues Suggested Guidelines for Voluntary Reporting of Service Efforts and Accomplishments (SEA) Performance Information
July 14, 2010

Deadlines Approaching for Comment on Two GASB Exposure Drafts 
June 28, 2010

GASB Issues Statement No. 59, Financial Instruments Omnibus 
June 24, 2010

GASB Issues Revised Proposal on Service Concession Arrangements 
June 17, 2010

GASB Issues Preliminary Views on Potential Improvements to Pension Standards 
June 16, 2010

GASB Proposes to Amend Financial Reporting Entity Requirements 
March 26, 2010

The Financial Accounting Foundation Appoints Michael H. Granof to the GASB
February 24, 2010 

GASB Proposes to Enhance the Usefulness of Its Codification for Constituents
January 29, 2010

GASB Issues Final Statements on OPEB Measurements and Chapter 9 Bankruptcies
December 31, 2009

Financial Accounting Foundation Appoints New Members to the Governmental Accounting Standards Advisory Council
December 14, 2009

Comment Deadline Nears for GASB Proposals on Service Efforts and Accomplishments Reporting and Financial Instruments
October 16, 2009

Comment Deadline Nears on GASB Proposal on Service Concession Arrangements
September 4, 2009

Financial Accounting Foundation Appoints Edward E. Nusbaum and Luis M. Viceira to Its Board of Trustees
August 26, 2009

Deadline for Comment on Two GASB Exposure Drafts on OPEB Measurements and Chapter 9 Bankruptcies Quickly Approaching
August 14, 2009

DEADLINE APPROACHING FOR COMMENTING ON GASB—REEXAMINATION OF PENSION STANDARDS
July 22, 2009

GASB Proposes Suggested Guidelines for Voluntary Reporting of SEA Performance Information
July 1, 2009

GASB Proposes Statements on Service Concession Arrangements and Financial Instruments
July 1, 2009

GASB Issues Two Exposure Drafts on OPEB Measurements and Chapter 9 Bankruptcies
June 26, 2009

The Financial Accounting Foundation Appoints David E. Sundstrom to the GASB
May 21, 2009

 GASB Issues Guide to Implementation of Statement 53 on Derivative Instruments 
April 21, 2009

GASB Issues Statement 56, Codification of Accounting and Financial Reporting Guidance Contained in the AICPA Statements on Auditing Standards
April 16, 2009

GASB Issues an Invitation to Comment on Pension Accounting and Financial Reporting
April 6, 2009

GASB Issues Statement No. 55, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments
April 2, 2009

GASB Improves the Usefulness of Reported Fund Balance Information
March 11, 2009

John J. Brennan Elected Chairman of the Financial Accounting Foundation
February 12, 2009

Financial Accounting Foundation Appoints Jeffrey Diermeier, Cynthia Eisenhauer, and Dennis Kass to its Board of Trustees
February 12, 2009

GASB Issues Concepts Statement No. 5, Service Efforts and Accomplishments Reporting (an amendment of GASB Concepts Statement No. 2)
December 15, 2008

GASB Issues Technical Bulletin No. 2008-1, Determining the Annual Required Contribution Adjustment for Postemployment Benefits
December 15, 2008

The Financial Accounting Foundation Reappoints Robert H. Attmore to a Second Term as GASB Chairman, and Appoints Michael D. Belsky to GASB
December 8, 2008

W. Daniel Ebersole Named to Second Term as Chairman of the Governmental Accounting Standards Advisory Council—Seven new members, three re-appointed members also announced
December 3, 2008

FAF Board of Trustees Reaffirms Commitment to Secure Stable and Sustainable Funding for the GASB
Recitals and Resolutions Adopted by the FAF Board of Trustees on November 18, 2008
November 18, 2008

GASB to Hold User Forum and Public Hearing on Its Request for Response on Suggested Guidelines for Voluntary Performance Reporting
October 1, 2008

GASB Proposes to Transfer Guidance from AICPA Auditing Literature—Proposal Intended to Assist Preparers in Applying Guidance
August 28, 2008

GASB Issues a Request for Response on Proposed Suggested Guidelines for Voluntary Reporting of SEA Performance Information
July 31, 2008

Girard Miller to Resign from Governmental Accounting Standards Board
July 14, 2008

GASB Issues Statement No. 53, Accounting and Financial Reporting for Derivative Instruments
June 30, 2008

Financial Accounting Foundation Names Teresa S. Polley President and Chief Operating Officer
May 21, 2008

GASB Revamps 2008 Technical Plan Adds Projects on Retirement Benefits, Public/Private Partnerships, and Reporting Units
April 24, 2008

GASB Issues an Exposure Draft seeking input on proposed changes to Concepts Statement No. 2, Service Efforts and Accomplishments Reporting
April 4, 2008

GASB Acts to Improve the Reporting of Fund Balance Information for the Benefit of Financial Statement Users
February 29, 2008

The Financial Accounting Foundation Board of Trustees Approves Changes to Oversight, Structure and Operations of FAF, FASB and GASB
February 26, 2008

GASB Issues Standard on Land and Other Real Estate Held as Investments by Endowments
November 21, 2007

GASB Releases 2007-2008 Annual Bound Editions
October 15, 2007

GASB Seeks Public Input on Derivatives Proposals
October 01, 2007

GASB Issues Standard on Intangible Assets
July 10, 2007

GASB Proposes Standards for Reporting Government Derivatives—Proposal Would Make Transactions More Transparent to Public
June 29, 2007

GASB Defines Elements of Financial Statements
June 26, 2007

GASB Reconciles Disclosure Requirements for Governmental Pensions and Retiree Healthcare
May 31, 2007

Financial Accounting Foundation Appoints Girard Miller and Jan I. Sylvis to Governmental Accounting Standards Board
April 26, 2007

GASB Adds Project to Assist Governments That Choose to Report Performance Information
April 6, 2007

GASB Proposes Standards for Reporting Land and Other Real Estate Held as Investments
March 23, 2007

Deadline Approaching to Comment on GASB's Intangible Assets Proposal
March 7, 2007

The Financial Accounting Foundation Reappoints Timothy P. Flynn and James H. Quigley to Its Board of Trustees—Independent Oversight Body of FASB and GASB Also Appoints Three New Trustees, Robert T. Blakely, Ellyn L. Brown, and John J. Radford
January 30, 2007

James M. Williams Reappointed to the Governmental Accounting Standards Board
January 24, 2007

GASB to Hold User Roundtable and Public Hearing on Fund Balance Reporting and Governmental Fund Type Definitions
January 17, 2007

GASB Proposal Would Establish Guidance for Intangible Assets
December 27, 2006

GASB Proposal Would Enhance Disclosure Requirements for Governmental Pension Plans
December 15, 2006

GASB Issues Final Standard on Accounting for Pollution Remediation Obligations
December 1, 2006

GASB Publishes Comprehensive Implementation Guide
November 3, 2006

GASB Invites Public Comment on Accounting Issues Related to Fund Balance Reporting and Governmental Fund Type Definitions
October 20, 2006

GASB Issues Statement to Clarify Guidance on Accounting for Sales and Pledges of Receivables and Future Revenues
September 29, 2006

Carol A. Kraus, CPA, Appointed National Association of State Budget Officers Representative to the GASAC
September 22, 2006

Proposed GASB Concepts Statement Defines the Seven Elements of Governmental Financial Statements
August 14, 2006

GASB Issues Technical Bulletin That Clarifies Reporting of Medicare Part D Payments to State and Local Governments
June 30, 2006

GASB to Hold Panel Discussions, Public Hearing and User Roundtable on Derivatives
June 29, 2006

GASB Seeks Constituent Views on Major Issues Related to Derivatives—Board Invites Comments on Project to Improve the Accounting and Financial Reporting of Derivatives
June 14, 2006

GASB to Hold Public Hearing on Accounting and Financial Reporting for Derivatives
June 5, 2006

Financial Accounting Foundation Appoints Distinguished Accounting Professor Thomas J. Linsmeier to the FASB
May 16, 2006

The Financial Accounting Foundation Appoints Christopher C. Allen as Director of Government Relations
May 9, 2006

GASB Issues Preliminary Views Document on Major Issues Related to Derivatives
April 28, 2006

Upcoming GASB Proposal Intends to Provide Public with Better Information to Understand, Assess Risks Associated with Derivatives
April 20, 2006

The Financial Accounting Foundation Appoints Susan M. Phillips, Dean of The George Washington University School of Business and Former Federal Reserve Governor, to FAF Board of Trustees
April 14, 2006

Users of Governmental Financial Reports Require Substantially Different Information than Users of Business Financial Reports—GASB White Paper Identifies Key Differences between Financial Reporting for Governments and For-Profit Business Entities
March 16, 2006

Cynthia B. Green and Richard C. Tracy Reappointed to Governmental Accounting Standards Board
March 8, 2006

Financial Accounting Foundation Announces Appointments to Governmental Accounting Standards Advisory Council
March 6, 2006

GASB Issues Proposed Staff Technical Bulletin Intended to Clarify Reporting of Medicare Part D Payments to State and Local Governments
February 17, 2006

GASB Issues Exposure Draft That Would Put the Cost of Cleaning Up Pollution on Governments—Financial Statements—New Proposal Identifies Five Key Circumstances Under Which Accounting for Pollution Remediation is Required
January 31, 2006

GASB Publishes Implementation Guide to Statement 44 on the Statistical Section 
December 29, 2005

GASB Issues Exposure Draft Intended to Clarify Guidance on Accounting for Sales and Pledges of Receivables and Future Revenues—Proposed Statement Would Improve Governmental Financial Reporting Through Greater Consistency, Recognition, and Disclosure 
September 30, 2005

The Financial Accounting Foundation Appoints Robert J. DeSantis President and Chief Operating Officer
September 22, 2005

The Financial Accounting Foundation Appoints Rick Anderson to FAF Board of Trustees and Announces Additional Reappointments
September 21, 2005

GASB Publishes Implementation Guide to Statements 43 and 45 on Postemployment Benefits Other Than Pensions
August 8, 2005

GASB Issues Guide to Understanding Service Efforts and Accomplishments Reports
July 29, 2005

GASB Completes Accounting Standards for Termination Benefits
June 27, 2005

GASB to Hold Public Hearing on Pollution Remediation Obligations
June 6, 2005

GASB Publishes Plain-Language Guide to Notes to The Financial Statements and Supporting Information
June 2, 2005

G. Michael Crooch Reappointed to Financial Accounting Standards Board
May 25, 2005

Financial Accounting Foundation Names Marcia L. Taylor to GASB Board; Reappoints William W. Holder to Board
May 23, 2005

Financial Accounting Foundation Appoints Keith L. Johnson as Chairman of the Governmental Accounting Standards Advisory Council
May 23, 2005

Governmental Accounting Standards Board Issues Concepts Statement Related to Communication Methods
April 11, 2005

Governmental Accounting Standards Board Issues Preliminary Views on Issues Related to Accounting and Financial Reporting for Pollution Remediation Obligations
March 25, 2005

GASB Clarifies Reporting Of Net Assets
December 30, 2004

Governmental Accounting Standards Board Issues Technical Bulletin to Clarify Accounting for Employers—Contributions to Cost-Sharing Pension and OPEB Plans
December 30, 2004

Governmental Accounting Standards Board Issues Exposure Draft on Accounting for Termination Benefits
December 10, 2004

Governmental Accounting Standards Board Issues Proposed Technical Bulletin to Clarify Accounting for Employers—Pension and OPEB Contributions
October 12, 2004

GASB Issues Statement That Addresses Employer Reporting of Postemployment Benefits Other Than Pensions
August 2, 2004

GASB Issues Proposal on Net Assets Restricted by Enabling Legislation
July 7, 2004

Governmental Accounting Standards Board Issues Exposure Draft on Concepts Related to Communication Methods
June 24, 2004

Governmental Accounting Standards Board Issues Statement No. 44, Economic Condition Reporting: The Statistical Section
June 7, 2004

GASB Issues Standards to Improve Postemployment Benefit Plan Reporting
May 11, 2004

Governmental Accounting Standards Board Issues Technical Bulletin on Accounting Issues Associated with Tobacco Settlements
May 11, 2004

Financial Accounting Foundation Reappoints Edward W. Trott, FASB Board Member, and Paul R. Reilly, GASB Board Member
February 19, 2004

Robert H. Attmore Elected Chairman of the Governmental Accounting Standards Board
February 11, 2004

Governmental Accounting Standards Board Issues Revised Exposure Draft on Employer Reporting of Other Postemployment Benefits
February 3, 2004

Governmental Accounting Standards Board Issues Proposed Technical Bulletin on Tobacco Settlement
December 31, 2003

Governmental Accounting Standards Board Issues Statement on Asset Impairment and Insurance Recoveries
November 18, 2003

Robert E. Denham Elected Chairman of Financial Accounting Foundation; Edward V. Regan Named Trustee
October 30, 2003

GASB Issues Report on Communicating Performance Information
October 13, 2003

GASB Proposes the Reporting of More Comprehensive Information for Financial Statement Users
September 11, 2003

GASB Improves Derivative Disclosure Requirements
June 25, 2003

Governmental Accounting Standards Board Issues Guidance on Budgetary Comparisons
May 20, 2003

Governmental Accounting Standards Board Issues Technical Bulletin To Improve Disclosures About Derivatives
April 2, 2003

Governmental Accounting Standards Board Issues Standard to Improve Disclosures on Deposit and Investment Risk
March 27, 2003

Governmental Accounting Standards Board Issues Exposure Draft on Other Postemployment Benefits to Increase Transparency
February 20, 2003

Governmental Accounting Standards Board Issues Exposure Draft on Asset Impairment and Insurance Recoveries
December 16, 2002

Governmental Accounting Standards Board Issues Exposure Draft on Budgetary Comparisons That Improves Transparency
December 13, 2002

Financial Accounting Foundation Increases Its Independence Through Amended Trustee Appointment Process
July 25, 2002

Governmental Accounting Standards Board Issues Exposure Draft on Deposit and Investment Risk Disclosures
July 1, 2002

GASB Expands on Financial Reporting Guidance for Fundraising Foundations and Similar Organizations
May 28, 2002

Bart Hildreth is Appointed ABFM—First Representative to the Governmental Accounting Standards Advisory Council
February 12, 2002

Sharon Russell, AGA Representative to the GASB—Governmental Accounting Standards Advisory Council
February 12, 2002

James M. Williams Named to the Governmental Accounting Standards Board
January 21, 2002

Edward J. Mazur Reappointed to the Governmental Accounting Standards Board
November 1, 2001

GASB Issues Exposure Draft on Affiliated Organizations
July 31, 2001

GASB Issues Two Statements In Connection with Its Landmark Financial Reporting Model for State and Local Governments
June 28, 2001

GASB Publishes Guide for Financial Statement Analysts
January 30, 2001

GASB Proposes Clarification of Certain Provisions of Statement 34
January 8, 2001

GASB Publishes New Guide to Public School Financial Statements
December 29, 2000

Green, Tracy Reappointed to Governmental Accounting Standards Board
October 27, 2000

GASB Guide Introduces New Financial Statement Information to Users
October 4, 2000

Initial GASB Statement Proposed in Extensive Effort to Review Current Disclosure Requirements
June 30, 2000

GASB Publishes Guide to Implementing New Financial Statements
May 5, 2000

GASB Establishes Symmetry between Recipients And Providers in Accounting for Certain Shared Revenues
May 5, 2000