fasab.gov
Listen to episode 121 of AGA’s Accountability Talks podcast featuring Robin Gilliam, who discusses FASAB’s proposal for rescinding & replacing SFFAS 15, Management’s Discussion and Analysis. Contact Information
Standards & Guidance – fasab.gov
Standards & Guidance The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)—an approximate 2,900-page PDF—is the most up-to-date, authoritative source of generally accepted accounting principles (GAAP) developed for federal entities.
Handbook by Chapter – fasab.gov
Memorandum of Understanding Among The General Accounting Office, The Department of The Treasury, and The Office of Management and Budget on Federal Government Accounting Standards and A Federal Accounting Standards Advisory Board (PDF)
Mission – fasab.gov
The FASAB serves the public interest by improving federal financial reporting through issuing federal financial accounting standards and providing guidance after considering the needs of external and internal users of federal financial information.
History of FASAB
On October 19, 1999, Council approved the resolution, designating FASAB as the accounting standards-setting body for federal governmental entities under Rule 203 of the AICPA’s Code of Professional Conduct. Therefore, FASAB became the board that promulgates generally accepted accounting principles (GAAP) for federal governmental entities.
Courses – fasab.gov
Overview: This course will provide an overview of FASAB accounting standards under SFFAS 54, Leases, and related guidance under Technical Release 20, Implementation Guidance for Leases. FASAB staff will provide tips for navigating and researching the standard and guidance.
Board Members – fasab.gov
Mr. Dacey previously served as a member of the AICPA’s Auditing Standards Board (ASB), the International Public Sector Accounting Standards Board (IPSASB), and the FASAB Accounting and Auditing Policy Committee; and as Chair of the AGA’s CEAR Board.
Board Meetings – fasab.gov
Dec 10, 2024 · FASAB meetings are generally open to the public for observation. Administrative sessions and closed meetings are not open to the public. During public meetings, Board members discuss technical issues on agenda items and make tentative decisions on those issues.
Appointments Panel – fasab.gov
The Panel’s assistance contributes greatly to the Board’s independence and continued conformance to the criteria for a standard-setting body for generally accepted accounting principles (GAAP). The Panel also reviews FASAB’s annual report and monitors annual performance survey results.
The Federal Accounting Standards Advisory Board (FASAB) serves the public interest by improving federal financial reporting through issuing federal financial accounting standards and providing guidance after considering the needs of external and internal users of federal financial