Federal Accounting Standards Advisory Board

From ACT Wiki
Revision as of 10:34, 3 January 2018 by imported>Doug Williamson (Update header.)
Jump to navigationJump to search

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.


See also