MEDIA ADVISORY 12/07/10

Financial Accounting Foundation Launches Live Video Webcasting of FASB Meetings

Norwalk, CT, December 7, 2010—The Financial Accounting Foundation (FAF) today announced the launch of its new video webcasting service. The FAF is the independent, private-sector organization responsible for the oversight of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).

The first meetings to be video webcast will be two FASB meetings taking place on Wednesday, December 8: its joint meeting with the International Accounting Standards Board (IASB), beginning at 8:00 a.m. eastern standard time (EST), and the FASB weekly Board meeting, beginning at approximately 10:15 a.m. EST. The webcasts will be available here.

About the Financial Accounting Foundation

The FAF is responsible for the oversight, administration, and finances of both the Financial Accounting Standards Board and its counterpart for state and local government, the Governmental Accounting Standards Board. The FAF also is responsible for selecting the members of both Boards and their respective Advisory Councils.