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FAF president discusses FASB and GASB comparability

  • FAF (US Financial Accounting Foundation)  Image

Jun 18, 2014

The FAF has issued the June/July edition of its column, “From the President’s Desk,” by FAF President and CEO Terri Polley. The column raises the question of how the FASB and GASB could improve the comparability of their respective standards, thereby promoting financial statement transparency for both government and private-sector entities.

Specific topics covered in the column include the FASB’s and GASB’s standard-setting jurisdiction, the two organizations’ cooperation on various projects, and aspects of their accounting guidance that fundamentally differ.

 The column is available on the FAF’s Web site.

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