Teresa S. Polley
Encyclopedia
Teresa S. Polley is president and chief operating officer of the Financial Accounting Foundation, the private, non-profit organization responsible for administration and oversight of the Financial Accounting Standards Board
, the Governmental Accounting Standards Board
, and their advisory councils.
in Loretto, Pennsylvania
.
in the state of Pennsylvania and a member of the American Institute of Certified Public Accountants
and the Connecticut Society of Certified Public Accountants, Polley was a senior accountant with Arthur Andersen
prior to joining the Financial Accounting Standards Board
in 1987.
She was promoted to positions of increasing responsibility, and was instrumental in the administration and operation of its Emerging Issues Task Force and in the development of the inaugural edition of EITF Abstracts, first published in late 1987.
Polley served from 1990 to 1999 as Controller of the Financial Accounting Foundation, the independent, private-sector organization responsible for the oversight, administration and finances of the FASB, the FASAC, the Governmental Accounting Standards Board, and the Governmental Accounting Standards Advisory Council. 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.
From 2000 to 2007, she was Executive Director of Advisory Groups for the FASB, in which she served as the primary liaison between the Board and its constituent organizations that provide input into its decision-making processes. In August 2007, she was made interim COO of the Financial Accounting Foundation; the position was made permanent in May 2008.
Financial Accounting Standards Board
The Financial Accounting Standards Board is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles within the United States in the public's interest...
, the Governmental Accounting Standards Board
Governmental Accounting Standards Board
The Governmental Accounting Standards Board is currently the source of generally accepted accounting principles used by State and Local governments in the United States of America...
, and their advisory councils.
Early life and education
Ms. Polley earned a B.A. degree, summa cum laude, in accounting and French from Saint Francis UniversitySaint Francis University
Saint Francis University is a four-year, coeducational Catholic liberal arts university in Loretto, Pennsylvania. It was founded in 1847 and conducted under the tradition of the Franciscan Friars of the Third Order Regular...
in Loretto, Pennsylvania
Loretto, Pennsylvania
Loretto is a borough in Cambria County, Pennsylvania, United States. It is officially part of the Johnstown, Pennsylvania Metropolitan Statistical Area as recognized by the US Census Bureau, but local sources list it as part of the Altoona, Pennsylvania area due to its proximity to...
.
Career
A certified public accountantCertified Public Accountant
Certified Public Accountant is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA...
in the state of Pennsylvania and a member of the American Institute of Certified Public Accountants
American Institute of Certified Public Accountants
Founded in 1887, the American Institute of Certified Public Accountants is the national professional organization of Certified Public Accountants in the United States, with more than 370,000 CPA members in 128 countries in business and industry, public practice, government, education, student...
and the Connecticut Society of Certified Public Accountants, Polley was a senior accountant with Arthur Andersen
Arthur Andersen
Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms among PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG, providing auditing, tax, and consulting services to large corporations...
prior to joining the Financial Accounting Standards Board
Financial Accounting Standards Board
The Financial Accounting Standards Board is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles within the United States in the public's interest...
in 1987.
She was promoted to positions of increasing responsibility, and was instrumental in the administration and operation of its Emerging Issues Task Force and in the development of the inaugural edition of EITF Abstracts, first published in late 1987.
Polley served from 1990 to 1999 as Controller of the Financial Accounting Foundation, the independent, private-sector organization responsible for the oversight, administration and finances of the FASB, the FASAC, the Governmental Accounting Standards Board, and the Governmental Accounting Standards Advisory Council. 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.
From 2000 to 2007, she was Executive Director of Advisory Groups for the FASB, in which she served as the primary liaison between the Board and its constituent organizations that provide input into its decision-making processes. In August 2007, she was made interim COO of the Financial Accounting Foundation; the position was made permanent in May 2008.