Federal Accounting Standards Advisory Board
From ACT Wiki
US government accounting.
(FASAB).
The Federal Accounting Standards Advisory Board is the US government Accounting Standards Board.
The Board issues a number of Statements of Federal Financial Accounting Concepts (SFFAC) and Statements of Federal Financial Accounting Standards (SFFAS) which cover aspects of accounting standards similar to those issued to the private sector by the Financial Accounting Standards Board (FASB).
Details of the FASAB's work and standards are available at: http://www.fasab.gov/
Take care to distinguish:
- The Federal Accounting Standards Advisory Board (FASAB), dealing with public sector government accounting, from
- The Financial Accounting Standards Board (FASB), which deals with accounting by private sector companies.
