GASB, Financial Accounting Standards Board.

Vision

Greater accountability and well-informed decision making through excellence in public-sector financial reporting.

Mission

To establish and improve standards of state and local governmental accounting and financial reporting that will:

• Result in useful information for users of financial reports, and
• Guide and educate the public, including issuers, auditors, and users of those financial reports.

The mission is accomplished through a comprehensive and independent process that encourages broad participation, objectively considers all stakeholder views, and is subject to oversight by the Financial Accounting Foundation’s Board of Trustees.

Core Values

Independence: The autonomy to pursue the best answer for all constituents, free from undue influence or pressure.

Integrity: Honest, ethical, and forthright behavior in relationships with all constituents.

Objectivity: Impartial decisions informed by credible research and thorough deliberations, including due consideration of the views of constituents and the work of other standards setters.

Transparency: An open process that encourages and values public participation.