The FAF’s Post-Implementation Review Process
The post-implementation review (PIR) process is designed to be independent of the standard-setting process of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).
The PIR staff reports to the FAF Board of Trustees and the FAF President/CEO, but members are drawn from experienced FASB and GASB staff. The PIR process is a tool to help the Trustees with their ongoing efforts to evaluate the effectiveness of the standard-setting process for the FASB and the GASB.
FAF Review Team Concludes GASB Statements on Deposit and Investment Risks Achieve Their Purposes
FAF Review Team Concludes FASB Statement 131 on Segment Reporting Generally Achieves Its Purpose
Post-Implementation Review of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48)
The PIR Process
Standards Currently Under Review
—FAF to Conduct Post-Implementation Review of FASB Standard on Accounting for Income Taxes (February 4, 2013)
—Reminder: FAF Seeks Survey Participants for Post-Implementation Review of GASB Statements No. 3 and No. 40 (August 20, 2012)
—FAF Seeks Survey Participants for Post-Implementation Review of FASB Statement No. 141R (July 30, 2012)
—FAF Seeks Survey Participants for Post-Implementation Review of FASB Statement No. 131 (May 18, 2012)
—FAF Seeks Survey Participants For Post-Implementation Review of GASB Standards (March 5, 2012)
—FAF to Conduct Post-Implementation Reviews on FASB and GASB Accounting Standards (February 15, 2012)
How You Can Participate in the PIR Process
Stakeholder input is critical to assessing if standards are effective in providing decision-useful information to users of financial statements. Stakeholder input should improve the ability of the standard-setting process to provide decision-useful information.
If you are interested in becoming a member of a vital research community and participating in the research aspect of post-implementation reviews (such as surveys on specific standards), please register here.
Post-Implementation Review Team:
Kim Petrone, Director
FASB Standards email@example.com
GASB Standards firstname.lastname@example.org
Regenia Cafini, Project Manager
Chris Roberge, Project Manager
Wesley Galloway, Project Manager