Chicago, Ill. – Joan Waggoner, partner in Plante Moran’s Chicago office, has been appointed by the Financial Accounting Foundation to the Financial Accounting Standards Advisory Council effective January 1, 2016.
As a member of the FASAC, Waggoner will work with the council to advise the Financial Accounting Standards Board on a variety of issues, including agenda items, project priorities and procedural matters.
The FASAC comprises approximately 35 members who are drawn from the ranks of CEOs, CFOs, senior partners of public accounting firms, executive directors of professional organizations and senior members of the academic and analyst communities, all with an interest in the integrity of full and complete financial reporting and disclosure.
Waggoner is one of 15 new FASAC members who will serve one-year terms and are eligible to be reappointed for three additional one-year terms.
Active professionally, Waggoner is a member of the American Institute of Certified Public Accountants, Illinois CPA Society and Chicago Finance Exchange. She currently chairs the Public Accountant Registration and Licensure committee, which advises the Illinois Department of Financial and Professional Regulation in matters regarding CPA licensing.
Waggoner hold a bachelor’s degree in accounting and a master’s degree in accounting science from the University of Illinois in Urbana-Champaign.
About Plante Moran
Plante Moran is among the nation's largest accounting, tax and consulting firms and provides a full line of services to organizations in the following industries: manufacturing and distribution, financial institutions, service, health care, private equity, public sector and real estate and construction. Plante Moran has a staff of more than 2,000 professionals in 22 offices throughout Michigan, Ohio, and Illinois with international offices in Shanghai, China; Monterrey, Mexico; and Mumbai, India. Plante Moran has been recognized by a number of organizations, including FORTUNE magazine, as one of the country's best places to work.
About the Financial Accounting Foundation
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. For more information, visit www.accountingfoundation.org.
About the Financial Accounting Standards Board
Established in 1973, the FASB is the independent, private-sector organization, based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit www.fasb.org.