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FASAB
Federal Accounting Standards Advisory Board
The Federal Accounting Standards Advisory Board was created in October 1990 as a federal advisory committee charged with the purpose of developing accounting standards and principles for the United States Government. The mission of the FASAB is to promulgate Federal accounting standards after considering the financial and budgetary information needs of citizens, congressional oversight groups, executive agencies, and the needs of other users of federal financial information. Accounting and financial reporting standards are essential for public accountability and for an efficient and effective functioning of our democratic system of government. Thus, Federal accounting standards and financial reporting play a major role in fulfilling the government's duty to be publicly accountable and can be used to assess (1) the government's accountability and its efficiency and effectiveness, and (2) the economic, political, and social consequences of the allocation and various uses of Federal resources. [http://www.fasab.gov/pdffiles/fasab_facts_2009.pdf]
Recent Regulations
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FASAB
Recent Regulations
View all →NoticeNov 20, 2024
Notice of Request for Comment on the Annual Report for Fiscal Year 2024 and Three-Year Plan
NoticeOct 2, 2024
Notice of Issuance of Statement of Federal Financial Accounting Concepts 10, Omnibus Concepts Amendments 2024: Amending SFFAC 2 With Note Disclosures and MD&A Concepts and Rescinding SFFAC 3
NoticeJul 30, 2024
Notice of Appointments Panel Meeting
NoticeJul 25, 2024
Notice of Issuance of Technical Release 23, Omnibus Technical Release Amendments 2024: Conforming Amendments to Technical Releases 10, 16, 20, and 21
NoticeJun 27, 2024
Notice of Issuance of Technical Bulletin 2024-1, Seized and Forfeited Digital Assets
NoticeJun 11, 2024
Notice of Appointments Panel Meeting
NoticeMay 24, 2024
Notice of Request for Candidates To Serve as Non-Federal Members of the Federal Accounting Standards Advisory Board
NoticeMay 15, 2024
Notice of Appointments Panel Meeting
NoticeApr 17, 2024
Notice of Issuance of Statement of Federal Financial Accounting Standards 63, Omnibus Amendments 2024-1: Amending SFFAS 38, 49, and Technical Bulletin 2011-1
NoticeApr 17, 2024
Notice of December 2024 FASAB Meeting
About
The Federal Accounting Standards Advisory Board was created in October 1990 as a federal advisory committee charged with the purpose of developing accounting standards and principles for the United States Government. The mission of the FASAB is to promulgate Federal accounting standards after considering the financial and budgetary information needs of citizens, congressional oversight groups, executive agencies, and the needs of other users of federal financial information. Accounting and financial reporting standards are essential for public accountability and for an efficient and effective functioning of our democratic system of government. Thus, Federal accounting standards and financial reporting play a major role in fulfilling the government's duty to be publicly accountable and can be used to assess (1) the government's accountability and its efficiency and effectiveness, and (2) the economic, political, and social consequences of the allocation and various uses of Federal resources. [http://www.fasab.gov/pdffiles/fasab_facts_2009.pdf]