Who Created Fasb

Founded1972 (Operational in 1973)Key peopleRichard R. Jones (Chairman) James L. Kroeker (Vice Chairman)Websitefasb.org

Who was first chair of FASB?

Anania was a partner with Price Waterhouse LLP’s Audit and Business Advisory Services. Prior to founding and becoming the first chairman of the FASB, Mr. Armstrong served as a managing partner at the accounting firm Geo. S.

Who created GAAP?

The US GAAP is a comprehensive set of accounting practices that were developed jointly by the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), so they are applied to governmental and non-profit accounting as well.