The Financial Accounting Foundation (FAF) and the Private Company Council (PCC) have released their annual reports summarizing their achievements, stakeholder outreach, and strategic goals.
The FAF annual report provides an overview of the organization’s activities throughout 2024. It also showcases how the FASB and GASB engage with multiple stakeholder groups to create and improve GAAP. Within the report, there are letters from the FAF, FASB, and GASB leaders, snapshots of how the team keeps stakeholder engagement at the core of all their activities, highlights the 2024 FASB and GASB standards and exposure drafts, and it includes a 2024 MD&A and audited financial statements.
Similarly, the PCC annual report includes a message from the PCC Chair, 2024 highlights and key progress areas, a section on prior accomplishments, a look at the strategy going forward, and also a section on stakeholder engagement.
SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members.
Jaclyn Veno, CPA, holds both a bachelor’s and a master’s degree in accounting from Clemson University. Before joining Galasso Learning Solutions, she held previous positions in auditing with two top 10 CPA firms. Jaclyn has extensive experience developing both staff and interns including working with overseas staff. She holds certificates in adult learning, instructional design, and training & facilitation as well as virtual learning theory from the Association for Talent Development (ATD).
