The FASB's Approach Toward Reviewing, Conducting, and Sponsoring Academic Research and to Engaging Academics

The author is grateful to the Financial Accounting Foundation for providing relevant extracts from two committee reports to the trustees. He is also grateful to Denny Beresford, Christine Botosan, Tom Dyckman, George Fritz, Kurt Gee, Paul Griffin, Bob Herz, Todd Johnson, Jim Leisenring, Tom Linsmeier, Tim Lucas, Paul Miller, Gerhard Mueller, R. D. Nair, Bob Swieringa, and Ray J. Pfeiffer (senior editor) and the anonymous reviewer for their comments on earlier drafts. He thanks Jim Leisenring for help in compiling Tables 1 and 3. The author is solely responsible for what remains. For the FASB's current website, “Academics in Standard Setting,” see https://www.fasb.org/academics.

Stephen A. Zeff, Rice University, Jones Graduate School of Business, Houston, TX, USA.

Editor's note: Accepted by Ray J. Pfeiffer.