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The Financial Accounting Foundation ( FAF) is located in Norwalk, Connecticut, United States. It was organized in 1972 as a non-stock, Delaware Corporation. It is an independent organization in the private sector, operating with the goal of ensuring objectivity and integrity in financial reporting standards.
The Financial Accounting Standards Board ( FASB) is a private standard-setting body [ 1] whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting ...
The Governmental Accounting Standards Board ( GASB) is the source of generally accepted accounting principles (GAAP) used by state and local governments in the United States. [ 1] As with most of the entities involved in creating GAAP in the United States, it is a private, non-governmental organization. The GASB is subject to oversight by the ...
Teresa S. Polley was president and chief operating officer of the Financial Accounting Foundation from 2008 to 2019. [1] The FAF is the private, non-profit organization responsible for administration and oversight of the Financial Accounting Standards Board, the Governmental Accounting Standards Board, and their advisory councils.
Chartered Financial Analyst. The Chartered Financial Analyst ( CFA) program is a postgraduate professional certification offered internationally by the US-based CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and financial professionals. The program teaches a wide range of subjects relating ...
Accounting. Generally Accepted Accounting Principles ( GAAP or U.S. GAAP or GAAP (USA), pronounced like "gap") is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC) [ 1] and is the default accounting standard used by companies based in the United States . The Financial Accounting Standards Board (FASB ...
www .fasab .gov. The Federal Accounting Standards Advisory Board ( FASAB) is a United States federal advisory committee whose mission is to improve federal financial reporting through issuing federal financial accounting standards and providing guidance after considering the needs of external and internal users of federal financial information. [3]
During the Austin City Limits music festival, Chris Wilbratte, a partner at Echelon Financial/Osborn Morano CPAs, rented out his home near the festival grounds and earned tax-free income.