The Financial Accounting Foundation (FAF) is the independent, private-sector organization with responsibility for the oversight, administration, and finances of its standard-setting Boards, the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), and their Advisory Councils. The FAF is seeking a highly qualified individual with substantial experience as an auditor of local government financial statements to fill one of the seven seats on the GASB.
Through its standard-setting boards, the organization establishes and improves financial accounting and reporting standards—known as Generally Accepted Accounting Principles, or GAAP—for public and private companies, not-for-profit organizations, and state and local governments in the United States. The FAF Board of Trustees selects and appoints the members of the FASB and the GASB and protects the independence and integrity of the standard-setting process. The FAF, FASB, and GASB are located in Norwalk, Connecticut.
The GASB is comprised of members with experience as state and local government financial statement auditors and preparers, a governmental financial statement user, a public accounting auditor, and a governmental accounting academic. The background and perspective of an auditor of local government financial statements is important to the success of the GASB.
Additional information is outlined as follows:
Background and Experience
The successful candidate will demonstrate:
Commitment to the GASB’s mission. A candidate for membership on the GASB should be committed to the Board’s mission as described in its mission statement and to the hard work required to fulfill it. A candidate should understand the role of due process, the need for consensus-building in the promulgation of standards, and a commitment to the goals of the GASB’s strategic plan. The part-time GASB Board position is equivalent to one-third of a full-time position. The successful candidate must be able to commit to a meeting every six weeks typically held from Tuesday through Thursday (noon) in Norwalk, Connecticut. Significant preparation is required prior to each Board meeting. The full recruitment brochure is available at GovHRUSA.com. The salary for this position is highly competitive; travel expenses and accommodations for the meetings are paid for by the FAF. Apply by December 7, 2018 to Heidi Voorhees, President, GovHRjobs.com. Tel: 847-380-3243.