110:) is a United States federal advisory committee whose mission is to improve 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. FASAB is designated as the body that sets
140:
FASAB issues the
Statement of Federal Financial Accounting Standards (SFFAS), Interpretations, Technical Bulletins, Technical Releases, and Staff Implementation Guidance. FASAB standards are publicly available on its website--both by chapter and in the FASAB Handbook, which is updated annually.
312:
125:
required annual, audited financial statements for the United States
Government and its federal reporting entities. In order to apply the statutes of the CFO Act of 1990, the
317:
229:
130:
111:
134:
126:
24:
122:
20:
322:
38:
230:
http://www.aicpa.org/Research/Standards/CodeofConduct/DownloadableDocuments/2014December15ContentAsof2016August31CodeofConduct.pdf
114:(GAAP) for the United States Government and its component entities, referred to as federal financial reporting entities. The
293:
137:
established FASAB to develop the "applicable accounting principles" for the newly required financial statements.
297:
118:
Council designated FASAB as the body that establishes GAAP for federal entities in 1999.
242:
61:
306:
212:
158:
176:
263:
250:
FASAB Handbook of
Federal Accounting Standards and Other Pronouncements
194:
37:
115:
313:
United States federal boards, commissions, and committees
89:
286:
84:
67:
57:
49:
44:
112:U.S. generally accepted accounting principles
8:
30:
294:Federal Accounting Standards Advisory Board
104:Federal Accounting Standards Advisory Board
31:Federal Accounting Standards Advisory Board
318:Accounting standards in the United States
150:
77:Monica R. Valentine, Executive Director
25:Governmental Accounting Standards Board
29:
7:
123:Chief Financial Officers Act of 1990
21:Financial Accounting Standards Board
14:
232:section 1.320.020 paragraph .03
36:
131:Office of Management and Budget
1:
339:
264:"Standards & Guidance"
18:
16:Federal advisory committee
127:Secretary of the Treasury
74:George A. Scott, Chairman
35:
323:Accounting organizations
19:Not to be confused with
129:, the Director of the
135:Comptroller General
32:
213:"History of FASAB"
100:
99:
68:Agency executives
330:
298:Federal Register
290:
289:
287:Official website
272:
271:
260:
254:
253:
247:
239:
233:
227:
221:
220:
209:
203:
202:
191:
185:
184:
173:
167:
166:
155:
96:
93:
91:
40:
33:
338:
337:
333:
332:
331:
329:
328:
327:
303:
302:
285:
284:
281:
276:
275:
262:
261:
257:
245:
241:
240:
236:
228:
224:
211:
210:
206:
193:
192:
188:
177:"Staff Members"
175:
174:
170:
159:"Board Members"
157:
156:
152:
147:
133:(OMB), and the
88:
80:
45:Agency overview
28:
17:
12:
11:
5:
336:
334:
326:
325:
320:
315:
305:
304:
301:
300:
291:
280:
279:External links
277:
274:
273:
255:
234:
222:
204:
186:
168:
149:
148:
146:
143:
98:
97:
86:
82:
81:
79:
78:
75:
71:
69:
65:
64:
62:Washington, DC
59:
55:
54:
51:
47:
46:
42:
41:
15:
13:
10:
9:
6:
4:
3:
2:
335:
324:
321:
319:
316:
314:
311:
310:
308:
299:
295:
292:
288:
283:
282:
278:
269:
265:
259:
256:
251:
244:
238:
235:
231:
226:
223:
218:
214:
208:
205:
200:
196:
190:
187:
182:
181:www.fasab.gov
178:
172:
169:
164:
163:www.fasab.gov
160:
154:
151:
144:
142:
138:
136:
132:
128:
124:
119:
117:
113:
109:
105:
95:
87:
83:
76:
73:
72:
70:
66:
63:
60:
56:
52:
48:
43:
39:
34:
26:
22:
267:
258:
249:
237:
225:
216:
207:
198:
189:
180:
171:
162:
153:
139:
120:
107:
103:
101:
58:Headquarters
53:October 1990
307:Categories
243:"Foreword"
145:References
268:fasab.gov
217:fasab.gov
199:fasab.gov
195:"Mission"
296:in the
85:Website
92:.fasab
50:Formed
246:(PDF)
116:AICPA
108:FASAB
121:The
102:The
94:.gov
90:www
23:or
309::
266:.
248:.
215:.
197:.
179:.
161:.
270:.
252:.
219:.
201:.
183:.
165:.
106:(
27:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
