FASAB

FASAB Appointments Panel Meeting Notice

The Federal Accounting Standards Advisory Board (FASAB) Appointments Panel will hold closed meetings on August 27, 2025, to make recommendations for nonfederal member appointments. The meetings are closed due to discussions involving internal personnel matters and personal privacy concerns.

FASAB Issues Technical Bulletin on Government Land Accounting

The Federal Accounting Standards Advisory Board (FASAB) staff has issued Technical Bulletin 2025-1, providing technical clarifications on Statement of Federal Financial Accounting Standards (SFFAS) 59, Accounting and Reporting of Government Land. This bulletin offers guidance on accounting and reporting practices for government land assets.

Federal Accounting Standards Advisory Board Charter Reestablishment

The Secretary of the Treasury, the Director of OMB, and the Comptroller General have reestablished the Federal Accounting Standards Advisory Board (FASAB) and its Appointments Panel. The charters lapsed during a government shutdown and are now reestablished to ensure continuous improvement in federal accounting and financial reporting.

FASAB Guidance for SFFAS 64 Implementation Exposure Draft

The Federal Accounting Standards Advisory Board (FASAB) has released an exposure draft for a Staff Implementation Guide for SFFAS 64. This guidance aims to assist entities in implementing Management's Discussion and Analysis requirements. Public comments are requested by March 13, 2026.

FASAB Annual Report and Three-Year Plan Notice

The Federal Accounting Standards Advisory Board (FASAB) has issued its Annual Report for Fiscal Year 2025 and its Three-Year Plan. The notice encourages comments on the report and FASAB's project priorities.