FAF Statement on the Confirmation of Mary Jo White as Chairman of the
SEC
Norwalk, CT, April 9, 2013—The Financial Accounting
Foundation (FAF), the organization that oversees the Financial Accounting
Standards Board (FASB) and the Governmental Accounting Standards Board (GASB),
today issued the following statement on the confirmation of the Hon. Mary Jo
White as the new chairman of the Securities and Exchange Commission. The
statement should be attributed to FAF President and Chief Executive Officer
Teresa S. Polley.
"The Financial Accounting Foundation and its
standard-setting Boards, the Financial Accounting Standards Board and the
Governmental Accounting Standards Board, extend their congratulations to the
Hon. Mary Jo White on her confirmation by the U.S. Senate as chairman of the
Securities and Exchange Commission.
"The FAF appreciates and applauds
Chairman White´s strong commitment to the Commission´s mission to promote
relevant, reliable, consistent, and comparable accounting financial and
reporting standards that enable investors to make well-informed investment
decisions and that contribute to the efficiency of our capital markets. We at
the FAF, the FASB, and the GASB stand ready to assist her in achieving her
goals."
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 governments, the Governmental Accounting Standards Board.
The FAF also is responsible for selecting the members of both Boards and their
respective Advisory Councils. For more information about the FAF, visit www.accountingfoundation.org.