Financial Accounting Foundation Releases Draft Strategic Plan for Comment
The Board of Trustees of the Financial Accounting Foundation (FAF) recently announced it has released its draft strategic plan and is inviting public and stakeholder input on the plan’s contents.
The draft plan includes the FAF’s mission and vision statements and describes six overarching goals for the organization. Among these are commitments to:
- Champion the value of independent standard setting
- Sustain the relevance of the information generated by Generally Accepted Accounting Principles (GAAP)
- Demonstrate leadership in global financial reporting
- Invest in technology to support more effective standard setting
The draft plan also describes the organization’s commitment to diversity, equity and inclusion and to ongoing dialogue with relevant parties about future developments in financial reporting around sustainability.
Comments can be submitted via the dedicated website or by sending an email to fafstratplan@f-a-f.org. The deadline for comments is July 22, 2022.
Following the public comment period, the FAF Board of Trustees will meet to consider the public input. The Trustees intend to publish the final document later this year.