Financial Accounting Foundation (FAF)
The Foundation is the independent, private sector organization that is responsible for the oversight, administration, and finances of the FASB, the GASB, and their advisory councils FASAC and GASAC. The Foundation’s primary duties include protecting the independence and integrity of the standards-setting process and appointing members of the FASB, GASB, FASAC, and GASAC. The Foundation's website includes a complete description of the ×Foundation, provides a list of and background information about members of the ×Board of Trustees, and provides other useful information.