📣FAF Calls for Nominations for FASB and GASB Leaders

Acclara AI•January 7, 2026

The Financial Accounting Foundation is on the hunt for the next big names in accounting leadership, calling for nominations for top positions in FASB, GASB, and their Board of Trustees.

Audio content: FAF Calls for Nominations for FASB and GASB Leaders

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Key Points

•📅 Mark Your Calendars: Nominations are open for several positions, including FASB and GASB Chairs, a FASB Board member, and FAF Trustees.
•🧑‍💼 Leadership Roles: Current leaders Richard R. Jones and Joel Black will conclude their terms on June 30, 2027.
•⏳ Long-Term Commitments: New Chair appointments will serve seven-year terms, starting July 1, 2027.
•📜 Criteria: Candidates need strong technical skills, a passion for accounting standards, and collaborative leadership abilities.
•🌐 Impact: These roles influence accounting standards that affect public and private sectors, as well as state and local governments.

🌟 The Search Begins

The Financial Accounting Foundation (FAF) has launched a search for new leaders in the world of accounting. They are calling for nominations to fill top roles, including the Chair positions for the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), as well as a FASB Board member and several FAF Trustee positions.

FASB Chair

Richard R. Jones, the current FASB Chair, will wrap up his term on June 30, 2027. The new Chair will start their seven-year term on July 1, 2027. Ideal candidates should have a deep commitment to independent standard setting and a robust understanding of financial accounting and reporting.

GASB Chair

Joel Black, the GASB Chair, will also conclude his term on June 30, 2027. The new GASB Chair will also serve a seven-year term starting July 1, 2027. Candidates should possess a strong grasp of governmental accounting and the ability to lead in a complex environment.

🧑‍💼 Who They’re Looking For

FASB Board Member

Marsha L. Hunt, a current FASB Board member, will finish her second term on June 30, 2027. The new member will join a team of seven full-time members for a five-year term starting July 1, 2027. Ideal candidates should have extensive technical accounting experience and a CPA certification is a plus.

FAF Board of Trustees

The FAF is also on the lookout for a Governmental Trustee and several at-large Trustees. These positions require candidates with significant experience in financial, government, or regulatory sectors. Trustees will serve a five-year term starting January 1, 2027.

🌐 Why This Matters

High-quality accounting standards are crucial for the transparency and reliability of financial reporting, impacting everyone from investors to local governments. As FAF's Board of Trustees oversees the appointment of these key roles, their decisions will shape the future of financial reporting standards in the U.S.

"These positions are critical for maintaining the integrity and effectiveness of our financial reporting systems," says the FAF Board of Trustees. "We are looking for leaders who can uphold these standards and drive positive change."