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GAE2206. FASAB Update - The Nuts and Bolts of What’s Happening at FASAB this Year

The Federal Accounting Standards Advisory Board (FASAB) serves the public interest by improving federal financial reporting through issuing generally accepted accounting principles and providing guidance after considering the needs of external and internal users of federal financial information. Federal financial reports are essential for public accountability and for an efficient and effective functioning of our democratic system of government. In this session, we will present a general update on FASAB projects, recently issued guidance, and stakeholder engagements.


Learning Objectives:

  • Identify and discuss the status of all active FASAB projects.
  • Identify and discuss recently issued FASAB guidance.
  • Identify and discuss the ways that FASAB engages with stakeholders.
Date/Time
CPE Credits
1.5
NASBA Field of Study
Accounting (Governmental)
Level
Overview
Prerequisites
N/A