FASAB Chair discussion

https://www.journalofaccountancy.com/news/2020/dec/fasab-30th-anniversary-board-chair-george-scott-interview.html
pandemic, financial reporting model, lease accounting, department of defense

FASAB seeking materiality guidance

https://www.journalofaccountancy.com/news/2018/oct/fasab-materiality-guidance-201819923.html Exposure draft is available at this links. Comments are due in January 2019

FASAB proposal for accounting standards for government land

https://www.journalofaccountancy.com/news/2018/may/accounting-and-reporting-of-government-land-201818962.html One recommendation: reporting land using three predominant use categories: conservation and preservation land, operational land, and commercial use land. Comments are due by July 30.

FASAB seeking comments

This is a request for an extension of time for audit standards to address the changes in long-term projections being moved from RSI to basic information. http://www.journalofaccountancy.com/News/201410059.htm

FASAB seeking comments on proposal

to ensure appropriate organizations are included in the Federal government reporting.   Comments are requested by July 3.  http://journalofaccountancy.com/News/20137719.htm

FASAB Issues Standards on Asset Impairment

You will see standard SSFAS 44 at this link.   The standard is 72 pages in length and was released Jan 3, 2013.   It lets users see impairment as it occurs and the impact on the reporting entity.  http://www.fasab.gov/accounting-standards/authoritative-source-of-gaap/accounting-standards/fasab-handbook/

FASAB 2012 annual report

indicates its 3 year plan in this pdf   http://www.fasab.gov/pdffiles/annual_report_2012.pdf

The mission statement is highlighted at the Federal Accounting Advisory Standards Board (FASAB) website.  At this link you will find links to the prior two annual reports.  http://www.fasab.gov/about/mission-objectives/

FASAB

http://www.fasab.gov/

Is FASAB independent

This article talks about the upcoming review of FASAB by the AICPA to determine if it remains independent as a GAAP standard setter. The last review came in 2004, and in late 2009 the review will begin.
http://accounting.smartpros.com/x67773.xml

The Smartpros article is a digest of the full article which while current is freely available at https://members.agacgfm.org/scriptcontent/membersonly/AGAjournal/fall2009/PattonMosso.pdf