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FAF Trustees Reappoint GASAC Chair, Announce New Members and Reappointments

December 18, 2019 GMT

NORWALK, Conn.--(BUSINESS WIRE)--Dec 18, 2019--

The Board of Trustees of the Financial Accounting Foundation (FAF) announced today the appointment of Karen Carraher, Joni Davis, and Craig Murray to the Governmental Accounting Standards Advisory Council (GASAC). All appointees’ terms will begin January 1, 2020.

In addition to the three newly named members, the FAF reappointed six GASAC members – including the reappointment of Alan Skelton as vice chairman.

The GASAC advises the Governmental Accounting Standards Board (GASB) on strategic and technical issues, project priorities, and other matters that affect standard- setting. The GASAC provides the GASB with diverse perspectives from individuals with varied governmental, professional, and occupational backgrounds.

“It is a pleasure to welcome our new GASAC members, who will play an important role in the GASB process,” said Charles H. Noski, chairman of the FAF Board of Trustees. “We would also like to thank the departing members for their time, expertise, and contributions to the standard-setting process,” he added.

The new GASAC members will serve a two-year term and are eligible to be reappointed for up to two additional consecutive terms. They are:

Four members will depart from GASAC on December 31, 2019: Patsy Brown, Director of Accounting, Chesterfield County, VA; Lealan Miller, Director, Government Services, Eide Bailly; Sandra Moorman, Director of Accounting and Controller, Sacramento Municipal Utility District; and Robert Wylie, Executive Director, South Dakota Retirement System.

For a complete list of current Council members, visit the GASAC webpage.

About the Financial Accounting Foundation

Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB establish and improve financial accounting and reporting standards—known as Generally Accepted Accounting Principles, or GAAP—for public and private companies, not-for-profit organizations, and state and local governments in the United States. For more information, visit www.accountingfoundation.org.

About the Governmental Accounting Standards Board

Established in 1984, the GASB is the independent, private-sector organization based in Norwalk, Connecticut, that establishes accounting and financial reporting standards for U.S. state and local governments that follow Generally Accepted Accounting Principles (GAAP). These standards are recognized as authoritative by state and local governments, state Boards of Accountancy, and the American Institute of CPAs (AICPA). The GASB develops and issues accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to taxpayers, public officials, investors, and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the GASB. For more information, visit www.gasb.org.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191218005574/en/

CONTACT: Dana Freeman

(203) 956-5279

dfreeman@f-a-f.org

KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT

INDUSTRY KEYWORD: FINANCE BANKING ACCOUNTING PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: Financial Accounting Foundation

Copyright Business Wire 2019.

PUB: 12/18/2019 11:30 AM/DISC: 12/18/2019 11:30 AM

http://www.businesswire.com/news/home/20191218005574/en