On April 16th, the Financial Accounting Foundation (FAF) released its 2024 annual report, Standards That Work, Stakeholder Engagement. The report highlights the organization's activities throughout 2024 and showcases how the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB) engage with a number of stakeholder groups to develop and enhance Generally Accepted Accounting Principles (GAAP). The publication also comprises viewpoints from FAF leaders who provide the oversight and accountability vital to the organization's standard-setting process.
The 2024 annual report includes:
- 2024 Management’s Discussion and Analysis (MD&A)
- Audited financial statements
- Update on the organization’s strategic plan released in 2022
- Summary of 2024 FASB and GASB standards and Exposure Drafts
- Section on how FAF staff keeps stakeholder engagement at the center of its activities
- Letters from FAF, FASB, and GASB leaders
To view either the printable or mobile-friendly version of the annual report, please visit the Financial Accounting Foundation’s website.
Source:
Financial Accounting Foundation Issues 2024 Annual Report (accountingfoundation.org)
