The Financial Accounting Foundation said Tuesday it will begin to livestream portions of its Oversight Committee meetings with the chairs of the Financial Accounting Standards Board and the Governmental Accounting Standards Board, starting with a meeting on May 9.
The move is part of an effort to provide increased transparency about the standard-setting process. Both FASB and GASB, which the FAF oversees, have been streaming their standard-setting meetings for years, as well as offering recordings on YouTube, and before that offered telephone access to them.
An investor advisory committee for the Securities and Exchange Commission has been asking for more input into the standard-setting process at FASB, and this may be one result of that effort (
"We seek continually to enhance confidence in the oversight of the FASB and GASB," said FAF trustee Timothy Ryan, co-chair of the FAF Oversight Committee and U.S. chair and senior partner at Big Four firm PricewaterhouseCoopers, in a statement. "Increasing stakeholder opportunities to observe the oversight process is a natural evolution of this important journey we are on."
Details about the Oversight Committee meeting time and a link to the livestream will be posted on the
