The six current members of the FASAC will complete their tenure on 31 December 2024. Credit: PreciousJ/Shutterstock.

The Financial Accounting Foundation (FAF) has appointed six new members to the Financial Accounting Standards Advisory Council (FASAC), effective 1 January 2025.  

The FASAC plays a role in advising the Financial Accounting Standards Board (FASB) on various matters, including strategic and technical issues, project priorities, and standard setting processes. 

It is an operational branch of the FAF, which operates independently of any other business or professional entities. 

The Board of Trustees of the FAF, comprising leaders from business, accounting, finance, government, and academia, manages the Foundation.  

The new appointees will serve a one-year term, with the possibility of reappointment for subsequent terms.  

The incoming FASAC members are Yoni Engelhart, Stacy Harrington, Joseph Holmes, W. Howard Morris, Eric Johnson and Susanne Skaggs.聽

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile 鈥� free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Simultaneously, six current members of the FASAC will complete their tenure on 31 December 2024.  

FAF Board of Trustees chair Edward C. Bernard said: 鈥淭he incoming FASAC members are outstanding candidates drawn from the ranks of investors and financial reporting professionals. 

鈥淭he Trustees are pleased to welcome them to the Council and look forward to their contributions to its discussions with the FASB.鈥� 

FASAC chair Michael Morrow said: 鈥淚 want to extend my thanks to our departing FASAC members for their years of dedicated service to the Council. 

鈥淭hey brought to our group discussions diverse perspectives and a shared commitment to the FASB鈥檚 standard-setting mission to develop financial accounting and reporting standards that provide decision-useful information to investors and other capital allocators.鈥� 

In 2023, Michael Morrow was reappointed by the FAF Board of Trustees for a third two-year term as chair of the FASAC.聽