News Release 12/18/19
Financial Accounting Foundation Trustees Announce Three New Members of the Governmental Accounting Standards Advisory Council (GASAC)
Norwalk, CT—December 18, 2019—The Board of Trustees of the Financial Accounting Foundation (FAF) announced today the appointment of Karen Carraher, Joni Davis, and Craig Murray to the Governmental Accounting Standards Advisory Council (GASAC). All appointees’ terms will begin January 1, 2020.
In addition to the three newly named members, the FAF reappointed six GASAC members – including the reappointment of Alan Skelton as vice chairman.
The GASAC advises the Governmental Accounting Standards Board (GASB) on strategic and technical issues, project priorities, and other matters that affect standard- setting. The GASAC provides the GASB with diverse perspectives from individuals with varied governmental, professional, and occupational backgrounds.
“It is a pleasure to welcome our new GASAC members, who will play an important role in the GASB process,” said Charles H. Noski, chairman of the FAF Board of Trustees. “We would also like to thank the departing members for their time, expertise, and contributions to the standard-setting process,” he added.
The new GASAC members will serve a two-year term and are eligible to be reappointed for up to two additional consecutive terms. They are:
- Karen E. Carraher, Executive Director, Ohio Public Employees Retirement System
- Joni Davis, Accounting Manager, Nebraska Public Power District, State of Nebraska
- Craig M. Murray, Director of Professional Practice, Michigan Office of the Auditor General.
For a complete list of current Council members, visit the GASAC webpage.
About the Financial Accounting Foundation
Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB establish and improve financial accounting and reporting standards—known as Generally Accepted Accounting Principles, or GAAP—for public and private companies, not-for-profit organizations, and state and local governments in the United States. For more information, visit www.accountingfoundation.org.
About the Governmental Accounting Standards Board
Established in 1984, the GASB is the independent, private-sector organization based in Norwalk, Connecticut, that establishes accounting and financial reporting standards for U.S. state and local governments that follow Generally Accepted Accounting Principles (GAAP). These standards are recognized as authoritative by state and local governments, state Boards of Accountancy, and the American Institute of CPAs (AICPA). The GASB develops and issues accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to taxpayers, public officials, investors, and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the GASB. For more information, visit www.gasb.org.