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The mission of the FASAB is to promulgate federal accounting standards after considering the financial and budgetary information needs of citizens, congressional oversight groups, executive agencies, and the needs of other users of federal financial information. Accounting and financial reporting standards are essential for public accountability and for an efficient and effective functioning of our democratic system of government. Thus, federal accounting standards and financial reporting play a major role in fulfilling the governments duty to be publicly accountable and can be used to assess 1 the governments accountability and its efficiency and effectiveness, and 2 the economic, political, and social consequences of the allocation and various uses of federal resources. This website provides access to all publications issued by FASAB including exposure drafts, the Pronouncements as Amended, project histories, newsletters, minutes and meeting agendas.

 

Address: 441 G Street NW Suite 6814 Washington, DC 20548
Telephone: 202 512-7350
Fax: 202 512-7366
Website: http://www.fasab.gov/