The Financial Accounting Foundation (FAF) has released the final version of its new strategic plan, which includes the strategic goals for the coming years. The organization oversees FASB and GASB.
The goals include promoting the importance of independent standard setting to capital markets, ensuring the advancement of financial accounting and reporting standards as needed, and building on its commitment to greater diversity, equity and inclusion.
The organization said it would use the FAF annual report, published each year in May, to provide stakeholders with yearly updates on its progress toward the plan’s six goals.