The Financial Accounting Foundation’s board of trustees has appointed four new members to the Financial Accounting Standards Advisory Council and six new members to the Governmental Accounting Standards Advisory Council.
The FASAC is responsible for advising the Financial Accounting Standards Board on strategic issues, project priorities and other matters that affect accounting standards setting, while the GASAC is responsible for advising the Governmental Accounting Standards Board on technical issues, project priorities, and other matters that affect standards setting for accounting and financial reporting by state and local governments. Both FASB and GASB are overseen by the Financial Accounting Foundation.
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