June 20, 2024

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

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NORWALK, Conn.–(Business enterprise WIRE)–The Board of Trustees of the Monetary Accounting Basis (FAF) right now introduced the appointment of Frederick (Fred) L. Cannon and the reappointment of Christine A. Botosan to the Financial Accounting Benchmarks Board (FASB). Mr. Cannon at present serves as Director of Analysis and Chief Fairness Strategist for Keefe, Bruyette & Woods, Inc., a subsidiary of Stifel Financial (NYSE: SF). His expression is productive July 1, 2021 and runs right up until June 30, 2026. Ms. Botosan was appointed to her initial 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 attained economist with a deep knowledge of monetary expert services and has a sturdy user perspective,” mentioned 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 delivers a must have context to the common-location method.”

Mr. Cannon, who will continue to be in his present function at Keefe, Bruyette & Woods into early 2021, has practically 40 several years of working experience in assorted roles with a strong concentrate on investigate, equity system, trader relations, and corporate communications. He commenced his vocation with Lender of The usa Corporation, steadily growing to positions of elevated responsibility. In 1998, he joined Golden Condition Bancorp as Government 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 Controlling Director, and later approved his latest positions. Generally quoted in the money push, Mr. Cannon is also a normal guest on CNBC, Bloomberg Tv, as effectively as other nationwide radio and broadcast tv outlets.

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

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

About the Fiscal Accounting Foundation

Recognized in 1972, the Fiscal Accounting Basis (FAF) is the impartial, private-sector, not-for-profit organization based mostly in Norwalk, Connecticut responsible for the oversight, administration, funding, and appointment of the Money Accounting Specifications Board (FASB) and the Governmental Accounting Specifications Board (GASB). The FASB and GASB set up and make improvements to financial accounting and reporting standards—known as Generally Acknowledged Accounting Concepts, or GAAP—for general public and private providers, not-for-revenue organizations, and state and nearby governments in the United States. For much more facts, take a look at www.accountingfoundation.org.

About the Monetary Accounting Expectations Board (FASB)

Proven in 1973, the FASB is the unbiased, non-public-sector corporation, based mostly in Norwalk, Connecticut, that establishes money accounting and reporting standards for public and personal providers and not-for-revenue organizations that abide by Frequently Accepted Accounting Concepts (GAAP). The FASB is acknowledged by the Securities and Exchange Fee as the designated accounting typical setter for general public organizations. FASB standards are regarded as authoritative by numerous other corporations, including condition Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues monetary accounting standards by way of a clear and inclusive approach meant to promote monetary reporting that offers beneficial data to buyers and many others who use economical reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For additional details, pay a visit to www.fasb.org.

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