Financial Accounting Foundation (FAF)
Mary Crotty, CPA, is currently the Chief Operating Officer at Financial Accounting Foundation. Previously, Mary held the title of Managing Director at Bank of America and J.P. Morgan. With a background in corporate compliance, regulatory relations, and audit engagements of multinational conglomerates, Mary has a Bachelor of Science in Accounting and Finance from Manhattan College and a Master's degree in Social Organizational Psychology from Teachers College, Columbia University.
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