Financial Accounting Foundation (FAF)
Lou Costantino is the Vice President and Head of Government Affairs - External Relations at Financial Accounting Foundation. Prior to this, Lou founded and served as President of Lou Costantino LLC, a public policy consulting firm specializing in government relations. Additionally, Lou was the Executive Vice President and Managing Director of Government Relations at Managed Funds Association. Lou has also held positions at Merrill Lynch and SIFMA, where Lou was responsible for lobbying on various issues. Lou holds a Bachelor's degree in Political Science from The Catholic University of America.
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Financial Accounting Foundation (FAF)
Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). The FASB and GASB establish and improve 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 directs the effective, efficient, and appropriate stewardship of the FASB and GASB in carrying out their missions; selects and appoints FASB and GASB members and their advisory councils; oversees the Boards’ activities and due process; and promotes and protects the independence of the Boards. The FAF Board of Trustees comprises 14-18 members from varied backgrounds—users, preparers, and auditors of financial statements; state and local government officials; academics; and regulators. For more information about the FAF, visit www.accountingfoundation.org