FAF Trustees Appoint Frederick L. Cannon and Reappoint Christine A. Botosan to the Financial Accounting Expectations Board

NORWALK, Conn.–(Business enterprise WIRE)–The Board of Trustees of the Money Accounting Foundation (FAF) nowadays declared the appointment of Frederick (Fred) L. Cannon and the reappointment of Christine A. Botosan to the Money Accounting Expectations Board (FASB). Mr. Cannon now serves as Director of Study and Main Fairness Strategist for Keefe, Bruyette & Woods, Inc., a subsidiary of Stifel Money (NYSE: SF). His time period is powerful July 1, 2021 and runs until eventually June 30, 2026. Ms. Botosan was appointed to her initially expression on July 1, 2016 and will conclude her assistance on June 30, 2026.

“On behalf of the FAF Board of Trustees, I am pleased that Mr. Cannon will be signing up for the FASB. He is an achieved economist with a deep understanding of financial expert services and has a robust person viewpoint,” said Kathleen L. Casey, chair of the FAF Board of Trustees. “I also congratulate Ms. Botosan on her reappointment. As an award-successful professor and researcher, Ms. Botosan supplies a must have context to the normal-location method.”

Mr. Cannon, who will keep on being in his present-day purpose at Keefe, Bruyette & Woods into early 2021, has pretty much 40 a long time of experience in varied roles with a potent aim on investigation, fairness tactic, trader relations, and company communications. He started his job with Financial institution of The us Company, steadily increasing to positions of amplified obligation. In 1998, he joined Golden State Bancorp as Executive Vice President and Director of Investor Relations and Company Communications.

He joined Keefe, Bruyette & Woods in 2003 as Vice President, was then promoted to Senior Vice President and Taking care of Director, and later recognized his current positions. Typically quoted in the economical press, Mr. Cannon is also a typical visitor on CNBC, Bloomberg Television, as very well as other countrywide radio and broadcast television outlets.

Mr. Cannon retains a Grasp of Science, Agricultural Economics, from Cornell College and is a Chartered Monetary Analyst (CFA). Mr. Cannon is currently a member of the CFA Institute and a member of the FASB Changeover Useful resource Team for Credit score Losses.

Mr. Cannon will be successful R. Harold “Hal” Schroeder whose next and last phrase on the FASB finishes June 30, 2021.

About the Monetary Accounting Foundation

Proven in 1972, the Fiscal Accounting Foundation (FAF) is the unbiased, private-sector, not-for-revenue business dependent in Norwalk, Connecticut accountable for the oversight, administration, financing, and appointment of the Economic Accounting Specifications Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB establish and strengthen economical accounting and reporting standards—known as Frequently Recognized Accounting Rules, or GAAP—for general public and personal businesses, not-for-income companies, and state and neighborhood governments in the United States. For extra data, pay a visit to www.accountingfoundation.org.

About the Economical Accounting Benchmarks Board (FASB)

Proven in 1973, the FASB is the impartial, non-public-sector business, based mostly in Norwalk, Connecticut, that establishes economic accounting and reporting criteria for public and personal providers and not-for-gain companies that adhere to Typically Acknowledged Accounting Concepts (GAAP). The FASB is identified by the Securities and Exchange Commission as the designated accounting typical setter for public firms. FASB criteria are acknowledged as authoritative by several other corporations, like point out Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and troubles fiscal accounting benchmarks by way of a clear and inclusive course of action intended to promote economic reporting that provides useful data to buyers and some others who use fiscal stories. The Monetary Accounting Basis (FAF) supports and oversees the FASB. For much more facts, stop by www.fasb.org.