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FASAB

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FASABFederal Accounting Standards Advisory Board
FASABFinancial Accounting Standards Advisory Board


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00 Paperback HJ9801 This handbook covers federal accounting principles and procedures, including recent revisions such as new FASAB standards and how Congress wants the intent and objectives of the Sarbanes-Oxley Act to be implemented by federal departments and agencies.
FASAB standards require the financial statements of the federal agencies responsible for the Social Security, Medicare, Railroad Retirement, and Black Lung programs and the financial statements of the federal government-wide entity to present a statement of social insurance as a basic financial statement.
The FASAB was created to consider and recommend accounting standards and principles to improve federal financial accountability and reporting.
 
 
 
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