Teresa S. Polley, CPA
Teresa S. Polley, CPA, was appointed President of the Financial Accounting Foundation (FAF) in May 2008, and was subsequently promoted to the role of President and CEO in 2010. She brings over 20 years of experience with FAF and the Financial Accounting Standards Board (FASB) to the position. Prior to her appointment, Ms. Polley served as Executive Director of Advisory Groups for the FASB. In this role, she was primary liaison between the Board and its constituent organizations that provide input into its decision-making processes. These include the Financial Accounting Standards Advisory Council (FASAC), consisting of a diverse membership of financial statement users, preparers, and auditors representing a cross-section of industries; the Small Business Advisory Committee (SBAC), representing more than 20 users, preparers and auditors from the small business community; the User Advisory Council (UAC), representing investors and investment professionals, equity and credit analysts, and rating agencies; and the Investors Technical Advisory Committee (ITAC), consisting of investors with strong technical accounting knowledge. From 1990 to 1999, Ms. Polley served as Controller of the FAF. As Controller, she was responsible for all aspects of the FAF?s financial operations, including budgets, financial statement presentations, audits, payroll, tax reporting and investments. Ms. Polley joined the FASB in 1987 as a Technical Associate, was promoted to positions of increasing responsibility, and was instrumental in the administration and operation of its Emerging Issues Task Force (EITF) and in the development of the inaugural edition of EITF Abstracts, first published in late 1987. Previously, she was a Senior Accountant with Arthur Andersen and Company in its Stamford, Connecticut office, where she handled the preparation of financial statements, consolidations, SEC filings and internal control evaluations and commentary with clients in manufacturing, electronics, mining, banking and trust services. Ms. Polley earned a B.A. degree, summa cum laude, in accounting and French from St. Francis College in Loretto, Pennsylvania. She is a certified public accountant in the state of Pennsylvania and a member of the American Institute of Certified Public Accountants (AICPA) and the Connecticut Society of Certified Public Accountants.