Editing Financial Accounting Standards Board (section)

=== Investor Task Force ===
The FASB established the Investor Task Force (ITF) in 2005, which was an advisory resource that provided the Board with sector expertise and specific insights from the professional investment community on relevant accounting issues.<ref name="Gullapalli">{{cite news|last1=Gullapalli|first1=Diya|title=FASB to Create Investor Task Force|url=https://www.wsj.com/articles/SB112796072436155479|access-date=24 April 2018|work=Wall Street Journal|date=29 September 2005}}</ref> The FASB then implemented [[SFAS 157]] which established new standards for disclosure regarding [[fair value]] measurements in financial statements in 2006.<ref name=FAS157>http://www.fasb.org/summary/stsum157.shtml, "Summary of Statement No. 157" – FASB Pre-Codification Standards</ref> That same year, the FASB added Investor Liaisons to its staff, who would be responsible for reaching out to investors to hear feedback on the various FASB activities.<ref name="Chandy Smith">{{cite web|title=Chandy C. Smith Bio|url=http://www.fasb.org/cs/ContentServer?c=Page&cid=1176156484986&d=&pagename=FASB%2FPage%2FSectionPage|website=FASB|access-date=25 April 2018}}</ref>