NORWALK, Conn.–(Organization WIRE)–The Board of Trustees of the Economical Accounting Foundation (FAF) right now declared the appointment of Frederick (Fred) L. Cannon and the reappointment of Christine A. Botosan to the Fiscal Accounting Expectations Board (FASB). Mr. Cannon currently serves as Director of Study and Chief Fairness Strategist for Keefe, Bruyette & Woods, Inc., a subsidiary of Stifel Financial (NYSE: SF). His time period is successful July 1, 2021 and operates until June 30, 2026. Ms. Botosan was appointed to her first phrase on July 1, 2016 and will conclude her provider 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 comprehension of monetary expert services and has a potent consumer perspective,” stated 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 offers invaluable context to the normal-placing system.”
Mr. Cannon, who will stay in his present-day purpose at Keefe, Bruyette & Woods into early 2021, has nearly 40 decades of practical experience in numerous roles with a sturdy concentrate on study, fairness technique, trader relations, and company communications. He started his occupation with Financial institution of The usa Company, steadily increasing to positions of greater obligation. In 1998, he joined Golden State Bancorp as Executive Vice President and Director of Trader Relations and Corporate 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 accepted his present positions. Frequently quoted in the monetary push, Mr. Cannon is also a regular guest on CNBC, Bloomberg Tv, as well as other national radio and broadcast television retailers.
Mr. Cannon retains a Learn of Science, Agricultural Economics, from Cornell College and is a Chartered Monetary Analyst (CFA). Mr. Cannon is presently a member of the CFA Institute and a member of the FASB Changeover Useful resource Team for Credit history Losses.
Mr. Cannon will thrive R. Harold “Hal” Schroeder whose 2nd and last time period on the FASB ends June 30, 2021.
About the Financial Accounting Basis
Set up in 1972, the Fiscal Accounting Foundation (FAF) is the independent, non-public-sector, not-for-income organization based mostly in Norwalk, Connecticut liable for the oversight, administration, financing, and appointment of the Monetary Accounting Expectations Board (FASB) and the Governmental Accounting Criteria Board (GASB). The FASB and GASB build and enhance monetary accounting and reporting standards—known as Generally Accepted Accounting Rules, or GAAP—for community and non-public corporations, not-for-earnings corporations, and condition and regional governments in the United States. For additional facts, stop by www.accountingfoundation.org.
About the Economical Accounting Benchmarks Board (FASB)
Set up in 1973, the FASB is the independent, private-sector organization, dependent in Norwalk, Connecticut, that establishes economical accounting and reporting benchmarks for general public and personal providers and not-for-financial gain organizations that stick to Typically Approved Accounting Concepts (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting common setter for public companies. FASB expectations are regarded as authoritative by several other companies, including point out Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and difficulties fiscal accounting benchmarks via a clear and inclusive approach meant to endorse economic reporting that offers valuable facts to investors and many others who use economical experiences. The Economic Accounting Foundation (FAF) supports and oversees the FASB. For more info, take a look at www.fasb.org.