FASB's Trustees Annual Report Outlines Financial Statements

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May 20 — The Financial Accounting Foundation, the trustee of the Financial Accounting Standards Board and the Governmental Accounting Standards Board, in its 2015 annual report gave an outline of the work of the two standard-setters.

The 2015 report, Serving the Financial Statement User, released May 19, offers an overview of FAF's audited financial statements and management discussion and analysis (MD&A).

Also included in the annual report are profiles of 16 financial statement users.

According to the report, FAF's mission is to serve the capital markets by providing useful information to financial statement users.

To contact the reporter on this story: Denise Lugo in Norwalk, Conn., at dlugo@bna.com

To contact the editor responsible for this story: Ali Sartipzadeh at asartipzadeh@bna.com

For a copy of the annual report go to:http://src.bna.com/fbA