• Enhanced the organization’s presence in Washington, D.C., to ensure that policymakers there stay current on key issues in accounting and financial reporting;

• Successfully established  funding authority for the Governmental Accounting Standards Board (GASB) to enhance the integrity of the standard-setting process;

• Implemented a trustee-led post-implementation review process to ensure that new FASB and GASB standards are fulfilling their intended purposes for users of financial statements;

• Restored the FASB to its present size of seven members; and

• Established a new Private Company Council to provide advice and insight about accounting standards to the FASB from a private company perspective.