December 6, 2022

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

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NORWALK, Conn.–(Business enterprise WIRE)–The Board of Trustees of the Fiscal Accounting Foundation (FAF) right now declared the appointment of Frederick (Fred) L. Cannon and the reappointment of Christine A. Botosan to the Financial Accounting Criteria Board (FASB). Mr. Cannon presently serves as Director of Investigate and Main Fairness Strategist for Keefe, Bruyette & Woods, Inc., a subsidiary of Stifel Fiscal (NYSE: SF). His term is helpful July 1, 2021 and operates right until June 30, 2026. Ms. Botosan was appointed to her to start with expression on July 1, 2016 and will conclude her company 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 attained economist with a deep comprehending of economic companies and has a solid user standpoint,” 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 delivers invaluable context to the typical-setting procedure.”

Mr. Cannon, who will stay in his current position at Keefe, Bruyette & Woods into early 2021, has almost 40 a long time of working experience in various roles with a strong focus on analysis, equity method, trader relations, and corporate communications. He commenced his job with Lender of The usa Corporation, steadily mounting to positions of greater accountability. In 1998, he joined Golden State Bancorp as Govt Vice President and Director of Trader Relations and Company Communications.

He joined Keefe, Bruyette & Woods in 2003 as Vice President, was then promoted to Senior Vice President and Running Director, and later recognized his present-day positions. Typically quoted in the financial press, Mr. Cannon is also a normal visitor on CNBC, Bloomberg Tv, as very well as other countrywide radio and broadcast television shops.

Mr. Cannon holds a Learn of Science, Agricultural Economics, from Cornell University and is a Chartered Fiscal Analyst (CFA). Mr. Cannon is now a member of the CFA Institute and a member of the FASB Transition Source Group for Credit history Losses.

Mr. Cannon will triumph R. Harold “Hal” Schroeder whose 2nd and last phrase on the FASB ends June 30, 2021.

About the Economic Accounting Foundation

Recognized in 1972, the Economical Accounting Foundation (FAF) is the independent, personal-sector, not-for-revenue group primarily based in Norwalk, Connecticut liable for the oversight, administration, financing, and appointment of the Fiscal Accounting Benchmarks Board (FASB) and the Governmental Accounting Specifications Board (GASB). The FASB and GASB set up and enhance money accounting and reporting standards—known as Frequently Acknowledged Accounting Ideas, or GAAP—for community and non-public companies, not-for-gain businesses, and point out and neighborhood governments in the United States. For far more facts, take a look at www.accountingfoundation.org.

About the Money Accounting Criteria Board (FASB)

Set up in 1973, the FASB is the unbiased, private-sector group, based in Norwalk, Connecticut, that establishes fiscal accounting and reporting expectations for public and personal firms and not-for-income corporations that follow Commonly Recognized Accounting Concepts (GAAP). The FASB is acknowledged by the Securities and Exchange Commission as the designated accounting typical setter for public providers. FASB expectations are regarded as authoritative by a lot of other businesses, which includes state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues fiscal accounting benchmarks by way of a transparent and inclusive procedure meant to advertise fiscal reporting that offers useful information to buyers and other individuals who use economical reviews. The Economic Accounting Foundation (FAF) supports and oversees the FASB. For far more details, visit www.fasb.org.

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