MEDIA ADVISORY 01/20/11

FAF President and CEO Teresa S. Polley Launches Interactive Online News Column—“From the President’s Desk”—to Enhance Constituent Communication

Norwalk, CT, January 20, 2011—Financial Accounting Foundation (FAF) President and CEO Teresa S. Polley has launched “From the President’s Desk,” a new, informative news column designed to enhance communication with constituents of the FAF, the Financial Accounting Standards Board (FASB), and the Governmental Accounting Standards Board (GASB). The online column will appear regularly on the home page of the recently-launched FAF website, www.accountingfoundation.org, and will allow readers to learn about FAF activities while providing input on important issues.

“From the President’s Desk” is intended to increase awareness of the FAF’s mission, operations, and activities. It will also give readers and constituents the opportunity to contact Ms. Polley with their feedback on financial reporting, standard setting, and related issues of concern.

“Our hope is that our constituents will not only come to better understand the role of the FAF in the achievement of the missions of the FASB and the GASB, but also will become more interested and engaged in the standard-setting process itself,” Ms. Polley notes in her debut column, which can be found on the upper right of FAF’s home page.

Those interested in submitting comments or questions to Ms. Polley can do so by e-mailing presidentsdesk@f-a-f.org.

About the Financial Accounting Foundation

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