December 6, 2022

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Business is my step

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

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NORWALK, Conn.–(Small business WIRE)–The Board of Trustees of the Financial Accounting Foundation (FAF) currently declared the appointment of Frederick (Fred) L. Cannon and the reappointment of Christine A. Botosan to the Monetary Accounting Expectations Board (FASB). Mr. Cannon at this time serves as Director of Investigate and Main Fairness Strategist for Keefe, Bruyette & Woods, Inc., a subsidiary of Stifel Economic (NYSE: SF). His time period is powerful July 1, 2021 and runs until finally June 30, 2026. Ms. Botosan was appointed to her 1st expression on July 1, 2016 and will conclude her service on June 30, 2026.

“On behalf of the FAF Board of Trustees, I am pleased that Mr. Cannon will be joining the FASB. He is an completed economist with a deep being familiar with of economic solutions and has a sturdy user point of view,” reported 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 presents invaluable context to the standard-environment course of action.”

Mr. Cannon, who will remain in his recent role at Keefe, Bruyette & Woods into early 2021, has nearly 40 many years of knowledge in varied roles with a solid focus on research, equity approach, trader relations, and company communications. He began his vocation with Bank of The usa Corporation, steadily mounting to positions of improved obligation. In 1998, he joined Golden Point out Bancorp as Government 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 Managing Director, and afterwards acknowledged his latest positions. Frequently quoted in the fiscal press, Mr. Cannon is also a standard visitor on CNBC, Bloomberg Television, as nicely as other national radio and broadcast tv retailers.

Mr. Cannon holds 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 Source Team for Credit Losses.

Mr. Cannon will be successful R. Harold “Hal” Schroeder whose second and remaining phrase on the FASB ends June 30, 2021.

About the Money Accounting Basis

Established in 1972, the Economic Accounting Foundation (FAF) is the independent, personal-sector, not-for-financial gain business based mostly in Norwalk, Connecticut dependable for the oversight, administration, financing, and appointment of the Economical Accounting Benchmarks Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB set up and make improvements to economical accounting and reporting standards—known as Commonly Acknowledged Accounting Principles, or GAAP—for community and non-public businesses, not-for-earnings organizations, and condition and regional governments in the United States. For extra information and facts, take a look at www.accountingfoundation.org.

About the Monetary Accounting Criteria Board (FASB)

Proven in 1973, the FASB is the unbiased, private-sector business, centered in Norwalk, Connecticut, that establishes monetary accounting and reporting specifications for community and personal companies and not-for-gain organizations that stick to Normally Recognized Accounting Principles (GAAP). The FASB is recognized by the Securities and Trade Commission as the specified accounting conventional setter for community businesses. FASB specifications are recognized as authoritative by numerous other corporations, which include point out Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues economical accounting specifications as a result of a transparent and inclusive system intended to promote money reporting that gives handy data to buyers and many others who use monetary stories. The Monetary Accounting Basis (FAF) supports and oversees the FASB. For far more information, take a look at www.fasb.org.

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