NEWS RELEASE 11/15/11
The Financial Accounting Foundation Reappoints Jan I. Sylvis to a Second
Term on the GASB
Norwalk, CT, November 15, 2011—The
Financial Accounting Foundation (FAF) today announced that Jan I. Sylvis has
been appointed to a second, five-year term as a member of the Governmental
Accounting Standards Board (GASB) beginning July 1, 2012. The reappointment was
made by the FAF Board of Trustees, which oversees the activities of the GASB and
the Financial Accounting Standards Board.
"Jan Sylvis has been a
tremendous asset to the GASB," said John J. Brennan, chairman of the FAF Board
of Trustees. "Her extensive knowledge of state and local governments and their
financial issues is well demonstrated in her work and will continue to serve the
GASB and its constituents well."
Robert Attmore, chairman of the GASB,
added: "Jan brings an indispensable talent to the GASB team and has displayed a
steadfast commitment to improving accounting standards throughout her tenure. I
am pleased that she will continue to serve the GASB."
Ms. Sylvis was
appointed to her first term as a member of the GASB on April 26, 2007. Chief of
accounts for the state of Tennessee since 1995, she serves as the state´s
controller and manages its centralized accounting system. Since 1979, she has
held a variety of senior accounting positions with the state, including director
of auditing and consulting services. Ms. Sylvis is a past president of the
National Association of State Auditors, Comptrollers and Treasurers and the
National Association of State Comptrollers. She also was a member of the
American Institute of Certified Public Accountants´ (AICPA) State and Local
Government Expert Panel.
A CPA and author of numerous essays about
government financial matters, Ms. Sylvis holds a bachelor´s degree in business
administration from the University of Memphis.
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.
About the Governmental Accounting
Standards Board
The GASB is the independent, not-for-profit
organization formed in 1984 that establishes and improves financial accounting
and reporting standards for state and local governments. Its seven members are
drawn from the Board´s diverse constituency, including preparers and auditors of
government financial statements, users of those statements, and members of the
academic community. More information about the GASB can be found at its website
www.gasb.org.