December 3, 2022

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

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NORWALK, Conn.–(Enterprise WIRE)–The Board of Trustees of the Monetary Accounting Foundation (FAF) today introduced the appointment of Frederick (Fred) L. Cannon and the reappointment of Christine A. Botosan to the Money Accounting Specifications Board (FASB). Mr. Cannon currently serves as Director of Investigation and Chief Fairness Strategist for Keefe, Bruyette & Woods, Inc., a subsidiary of Stifel Economical (NYSE: SF). His expression is successful July 1, 2021 and operates till June 30, 2026. Ms. Botosan was appointed to her 1st time period on July 1, 2016 and will conclude her provider on June 30, 2026.

“On behalf of the FAF Board of Trustees, I am delighted that Mr. Cannon will be joining the FASB. He is an accomplished economist with a deep understanding of money products and services and has a powerful user point of view,” said Kathleen L. Casey, chair of the FAF Board of Trustees. “I also congratulate Ms. Botosan on her reappointment. As an award-profitable professor and researcher, Ms. Botosan supplies a must have context to the normal-setting method.”

Mr. Cannon, who will continue to be in his latest position at Keefe, Bruyette & Woods into early 2021, has virtually 40 years of working experience in assorted roles with a powerful concentration on analysis, fairness method, investor relations, and corporate communications. He commenced his profession with Financial institution of The united states Company, steadily soaring to positions of amplified responsibility. In 1998, he joined Golden Point out Bancorp as Govt Vice President and Director of Investor Relations and Corporate Communications.

He joined Keefe, Bruyette & Woods in 2003 as Vice President, was then promoted to Senior Vice President and Handling Director, and later recognized his existing positions. Normally quoted in the monetary press, Mr. Cannon is also a regular visitor on CNBC, Bloomberg Tv, as perfectly as other national radio and broadcast television retailers.

Mr. Cannon holds a Grasp of Science, Agricultural Economics, from Cornell University and is a Chartered Fiscal Analyst (CFA). Mr. Cannon is currently a member of the CFA Institute and a member of the FASB Changeover Resource Team for Credit Losses.

Mr. Cannon will realize success R. Harold “Hal” Schroeder whose second and closing expression on the FASB ends June 30, 2021.

About the Economical Accounting Basis

Set up in 1972, the Monetary Accounting Basis (FAF) is the impartial, private-sector, not-for-revenue corporation centered in Norwalk, Connecticut liable for the oversight, administration, funding, and appointment of the Economical Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB set up and strengthen economic accounting and reporting standards—known as Frequently Accepted Accounting Rules, or GAAP—for general public and private organizations, not-for-income companies, and state and community governments in the United States. For extra details, stop by www.accountingfoundation.org.

About the Fiscal Accounting Expectations Board (FASB)

Recognized in 1973, the FASB is the unbiased, private-sector organization, centered in Norwalk, Connecticut, that establishes fiscal accounting and reporting benchmarks for public and non-public organizations and not-for-profit organizations that follow Normally Acknowledged Accounting Concepts (GAAP). The FASB is recognized by the Securities and Exchange Commission as the selected accounting normal setter for community companies. FASB standards are acknowledged as authoritative by many other companies, which includes state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and difficulties money accounting specifications by means of a clear and inclusive method supposed to endorse monetary reporting that supplies practical info to buyers and others who use money reviews. The Money Accounting Basis (FAF) supports and oversees the FASB. For additional data, take a look at www.fasb.org.

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