FASB trustees approve major structural changes
27 Feb 2008
The Board of Trustees of the Financial Accounting Foundation (FAF) has voted to approve major changes to the oversight, structure, and operations of the FAF and its two standard-setting Boards, the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).
The changes include reducing the size of FASB from seven to five members effective 1 July 2008 and vesting in the chairs of the two standards boards the authority to establish board agendas. Click for:
- FAF Resolutions (PDF 39k).
- FAF News Release (PDF 33k).
Key Structural Changes Approved by the FAF Board of Trustees |
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Financial Accounting Foundation (FAF)
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