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

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has released an exposure draft titled Management's Discussion and Analysis: Rescinding and Replacing SFFAS 15. 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 titled Omnibus Amendments: Amending Statements of Federal Financial Accounting Standards 38, 49, and Technical Bulletin 2011-1. Respondents are encouraged to comment on any part of the exposure draft.

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 a non-Federal member of FASAB. FASAB is the body designated to establish generally accepted accounting principles for Federal Government entities. Generally, non- Federal Board members are selected from the general financial community, the accounting and auditing community, or the academic community. The Board generally meets for two days every other month in Washington, DC. Members are compensated for 24 days per year based on current Federal executive salaries. Travel expenses are reimbursed in accordance with federal travel regulations.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) will hold a meeting on May 31, 2023. The purpose of the meeting is to discuss issues related to embedded leases. The meeting will begin at 1 p.m. and conclude at 3:00 p.m. The meeting will be held virtually and open to the public.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has issued Statement of Federal Financial Accounting Standards (SFFAS) 61 titled Omnibus Amendments 2023, Leases- Related Topics II.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) will hold its meetings on the following dates throughout 2023, unless otherwise noted.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has issued an exposure draft of a proposed Technical Bulletin titled Intragovernmental Leasehold Reimbursable Work Authorizations. Respondents are encouraged to comment on any part of the exposure draft. Written comments are requested by November 4, 2022, 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) will hold its meetings on the following dates throughout 2022, unless otherwise noted.

Notice is hereby given that Mr. Patrick McNamee has been reappointed to the Federal Accounting Standards Advisory Board (FASAB or ``the Board''). Mr. McNamee's second and final five-year term on the Board begins on January 1, 2022, and will conclude on December 31, 2026.

Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) has issued Technical Release (TR) 20, Implementation Guidance for Leases.

Notice is hereby given that under the authority and in furtherance of the objectives of agency regulations, 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. Copies can be obtained by contacting FASAB at (202) 512-7350.

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