The US’ Financial Accounting Foundation’s (FAF) Board of Trustees has appointed California State Treasurer Fiona Ma to the Governmental Accounting Standards Advisory Council (GASAC), effective immediately. Her initial term will conclude December 31 2020.

The GASAC advises the Governmental Accounting Standards Advisory Council (GASB) on strategic and technical issues, project priorities, and other matters that affect standards setting.

Ma is a CPA and was elected California State Treasurer in 2018. She previously served four years as chair of the California State board of Equalisation. From 2006 to 2012, she was a member of the California General Assembly, attaining the role of Speaker Pro Tempore. Prior to that, she spent four years as a member of the San Francisco Board of Supervisors.

FAF chairman Charles Noski said: “Fiona Ma brings to the GASAC a distinguished track record of leadership and expertise not only in government financial reporting, but also as a former legislator in state and local government.

“We look forward to her contributions to GASAC discussions as part of the group’s mission to provide input to the GASB.”