Federal Accounting Standards Advisory Board – Federal Register Recent Federal Regulation Documents

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) is currently seeking candidates (candidates must not currently be Federal employees) to serve as non-Federal members of FASAB. The application deadline has been extended to November 30, 2024. Two new members will be selected to serve five-year terms beginning January 1, 2026, after the terms of two current non-Federal Board members end.

Notice is hereby given that the Federal Accounting Standards Advisory Board has issued Statement of Federal Financial Accounting Concepts (SFFAC) 10 titled Omnibus Concepts Amendments 2024: Amending SFFAC 2 with Note Disclosures and MD&A Concepts and Rescinding SFFAC 3.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has issued Technical Release 23 titled Omnibus Technical Release Amendments: Conforming Amendments to Technical Releases 10, 16, 20, 21.

Notice is hereby given that the Appointments Panel, a subcommittee of the Federal Accounting Standards Advisory Board (FASAB), will hold a meeting on June 28, 2024. The Appointments Panel makes recommendations regarding appointments for non-Federal member positions.

Notice is hereby given that the Appointments Panel, a subcommittee of the Federal Accounting Standards Advisory Board (FASAB), will hold a meeting on June 5, 2024 and June 20-21, 2024. The Appointments Panel makes recommendations regarding appointments for non-federal member positions.

Notice is hereby given that the Federal Accounting Standards Advisory Board has issued Statement of Federal Financial Accounting Standards (SFFAS) 63 titled Omnibus Amendments 2024-1: Amending SFFAS 38, 49, and Technical Bulletin 2011-1.

Notice is hereby given that Mr. Terry Patton has been reappointed to the Federal Accounting Standards Advisory Board (FASAB or "the Board"). Mr. Patton's second and final five-year term begins on July 1, 2024, and will conclude on June 30, 2029.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has released for public comment an exposure draft of a proposed Technical Release titled Omnibus Technical Release Amendments: Conforming Amendments to Technical Releases 10, 16, 20, 21. Respondents are encouraged to comment on any part of the exposure draft.

Notice is hereby given that the Federal Accounting Standards Advisory Board has issued Statement of Federal Financial Accounting Standards (SFFAS) 62 titled Transitional Amendment to SFFAS 54.

Notice is hereby given that the Appointments Panel, a subcommittee of the Federal Accounting Standards Advisory Board (FASAB), will hold a meeting on November 15, 2023. The Appointments Panel makes recommendations regarding appointments for non-federal member positions.

Notice is hereby given that the Secretary of the Treasury, the Director of the Office of Management and Budget, and the Comptroller General of the United States (the Sponsors) have agreed to continue an advisory committee to consider and recommend accounting standards and principles for the federal government. The advisory committee is called the Federal Accounting Standards Advisory Board (FASAB). Copies of the charter can be obtained by contacting FASAB at (202) 512-7350. Notice is also hereby given that the Sponsors intend to charter FASAB's subcommittee, called the Appointments Panel. The Appointments Panel's mission is to assist in the selection, appointment, and monitoring of special government employee members of FASAB. The Panel assists the Sponsors by recruiting and recommending individuals for appointment or reappointment of special government employee members. The panel also assists the Sponsors and FASAB in evaluating and monitoring adherence to the American Institute of Certified Public Accountants (AICPA) criteria for an entity designated as a source for generally accepted accounting principles (GAAP). The Sponsors affirm that the Appointments Panel is essential to the conduct of the agencies' business, is in the public interest, and the functions cannot be performed by other means.

Notice is hereby given that the Appointments Panel, a subcommittee of the Federal Accounting Standards Advisory Board (FASAB), will hold a meeting on October 5, 2023. The Appointments Panel makes recommendations regarding appointments for non-federal member positions.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has released an exposure draft titled Omnibus Concepts Amendments: Amending SFFAC 2 with Note Disclosures and MD&A Concepts and Rescinding SFFAC 3. Respondents are encouraged to comment on any part of the exposure draft.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has released an exposure draft of a proposed Statement of Federal Financial Accounting Standards (SFFAS) titled Transitional Amendment to SFFAS 54. Respondents are encouraged to comment on any part of the exposure draft.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has released an exposure draft Technical Release titled Leases Implementation Guidance Updates. Respondents are encouraged to comment on any part of the exposure draft.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has released an Invitation to Comment titled Reexamination of Existing Standards. Respondents are encouraged to comment on any part of the Invitation to Comment. Written comments are requested by September 15, 2023, and should be sent to fasab@fasab.gov or Monica R. Valentine, Executive Director, Federal Accounting Standards Advisory Board, 441 G Street NW, Suite 1155, Washington, DC 20548.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has issued Technical Bulletin (TB) 2023-1 titled Intragovernmental Leasehold Reimbursable Work Agreements.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has issued its Annual Report for Fiscal Year 2022 and Three-Year Plan. Respondents are encouraged to comment on the content of the annual report and FASAB's project priorities for the next three years. Written comments are requested by January 18, 2023, and should be sent to fasab@fasab.gov or Monica R. Valentine, Executive Director, Federal Accounting Standards Advisory Board, 441 G Street NW, Suite 1155, Washington, DC 20548.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has issued Technical Release (TR) 21, Omnibus Technical Release Amendments 2022: Conforming Amendments.

Notice is hereby given that Mr. Raymond Vicks, Jr., has been appointed to the Federal Accounting Standards Advisory Board (FASAB or ``the Board''). Mr. Vicks' five-year term will begin on July 1, 2022.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has issued Interpretation of Federal Financial Accounting Standards 11, Debt Cancellation: An Interpretation of SFFAS 7, Paragraph 313.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has issued Statement of Federal Financial Accounting Standards (SFFAS) 60, Omnibus Amendments 2021: Leases- Related Topics.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has issued Statement of Federal Financial Accounting Standards (SFFAS) 59, Accounting and Reporting of Government Land.