FINANCIAL ACCOUNTING FOUNDATION LAUNCHES NEW WEBSITENorwalk,
CT, July 1, 2013—The Financial Accounting Foundation (FAF) today
launched an updated website that features more user-friendly navigation and new,
"plain English" educational resources that provide extensive background on
financial accounting and reporting standard-setting and related issues.
The site is found at http://www.accountingfoundation.org/.
The website redesign is part of the continuing observance of the 40th
anniversary of the FAF and the Financial Accounting Standards Board (FASB). A
new FASB website was launched in April. The Governmental Accounting Standards
Board (GASB) will unveil its redesigned website later this summer.
new FAF website is designed to be the primary source of news and information
about the FAF and its activities. The website includes videos and other new
content intended for a wide range of users, including those who are unfamiliar
with the FAF and its activities. For example, the debut video features
interviews by FAF President and CEO Teresa S. Polley with Russell G. Golden, the
new chairman of the FASB, and David A. Vaudt, the new chairman of the GASB.
The website also provides thought leadership and educational material on:
"The new FAF website is an intuitive and user-friendly
platform where visitors can find what they need to know about the
standard-setting process and the roles of the FAF, the FASB, and the GASB in
establishing financial reporting standards," Ms. Polley said. "The site also
provides the latest updates on important FAF initiatives, including the
Post-Implementation Review process, decisions and activities of the Board of
Trustees, and public policy initiatives that affect U.S. standard setting."
- U.S. accounting standards
- The organization and processes of the FAF, the FASB, and the GASB
- The roles the FAF, FASB, and GASB have in establishing and improving
financial accounting standards, and
- Policy issues involving international accounting, private companies, U.S.
Generally Accepted Accounting Principles (GAAP), the U.S. GAAP Taxonomy, and
issues on which FAF, FASB, and GASB leaders have testified before
The new FAF website also integrates the FAF, FASB and GASB´s new branding
and logos, which were announced in April.
The new FAF website also
features an interactive digital timeline that tells the story of the
FAF, the FASB, and the GASB through photos, videos, and quotes from the past 40
The new website was designed by Ball & Chain, LLC, based in
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 is also responsible for selecting the
members of both Boards and their respective Advisory Councils.