August 12, 2022

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

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NORWALK, Conn.–(Business enterprise WIRE)–The Board of Trustees of the Fiscal Accounting Foundation (FAF) now declared the appointment of Frederick (Fred) L. Cannon and the reappointment of Christine A. Botosan to the Money Accounting Expectations Board (FASB). Mr. Cannon at present serves as Director of Investigation and Main Equity Strategist for Keefe, Bruyette & Woods, Inc., a subsidiary of Stifel Fiscal (NYSE: SF). His expression is powerful July 1, 2021 and operates until June 30, 2026. Ms. Botosan was appointed to her to start with expression on July 1, 2016 and will conclude her assistance 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 completed economist with a deep comprehending of economical services and has a sturdy person standpoint,” stated 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 offers invaluable context to the normal-location procedure.”

Mr. Cannon, who will continue to be in his present-day part at Keefe, Bruyette & Woods into early 2021, has just about 40 decades of practical experience in varied roles with a strong aim on study, fairness system, trader relations, and corporate communications. He started his occupation with Financial institution of The united states Company, steadily growing to positions of amplified duty. In 1998, he joined Golden Condition 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 Taking care of Director, and later on accepted his latest positions. Normally quoted in the economical push, Mr. Cannon is also a normal visitor on CNBC, Bloomberg Tv, as perfectly as other countrywide radio and broadcast television retailers.

Mr. Cannon holds a Grasp of Science, Agricultural Economics, from Cornell College and is a Chartered Economical Analyst (CFA). Mr. Cannon is currently a member of the CFA Institute and a member of the FASB Transition Source Team for Credit history Losses.

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

About the Fiscal Accounting Basis

Founded in 1972, the Fiscal Accounting Foundation (FAF) is the impartial, private-sector, not-for-revenue corporation based mostly in Norwalk, Connecticut liable for the oversight, administration, financing, and appointment of the Monetary Accounting Expectations Board (FASB) and the Governmental Accounting Expectations Board (GASB). The FASB and GASB build and make improvements to money accounting and reporting standards—known as Usually Approved Accounting Principles, or GAAP—for general public and non-public companies, not-for-gain organizations, and state and neighborhood governments in the United States. For additional data, visit www.accountingfoundation.org.

About the Money Accounting Benchmarks Board (FASB)

Recognized in 1973, the FASB is the unbiased, non-public-sector corporation, based in Norwalk, Connecticut, that establishes economic accounting and reporting requirements for general public and private corporations and not-for-financial gain corporations that observe Normally Accepted Accounting Principles (GAAP). The FASB is identified by the Securities and Trade Commission as the specified accounting common setter for community companies. FASB requirements are identified as authoritative by numerous other businesses, like state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and challenges economic accounting benchmarks by a clear and inclusive process meant to advertise fiscal reporting that delivers helpful information and facts to traders and many others who use economical studies. The Money Accounting Foundation (FAF) supports and oversees the FASB. For more information, take a look at www.fasb.org.

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