Words similar to fasab
Example sentences for: fasab
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38See discussion of social insurance programs in FASAB, Exposure Draft, Supplementary Stewardship Reporting (August 1995).
Reporting Additional or Supplementary Information - When financial information on such entities is included in general-purpose financial reports of a larger Federal reporting entity (including Treasury's consolidated financial report), any applicable standards recommended by the FASAB and issued by OMB and the General Accounting Office (GAO) that call for additional reporting or supplementary information should be applied.
AICPA American Institute of Certified Public Accountants APB Accounting Principles Board ARB Accounting Research Bulletin COSO Committee of Sponsoring Organizations of the Treadway Commission FAS Financial Accounting Standard FASB Financial Accounting Standards Board FASAB Federal Accounting Standards Advisory Board FIN FASB Interpertation Form & Content OMB Bulletin 97-01, issued October 16, 1996 GAO General Accounting Office NAA National Association of Accountants OMB Office of Management and Budget SEC Securities and Exchange Commission SFFAC Statement of Federal Financial Accounting Concepts SFFAS Statement of Federal Financial Accounting Standards SOP Statement of Position
After deliberating the issue, the Board has concluded that additional investigation and further deliberation is required and has directed the FASAB staff to continue to research social insurance issues focusing especially on: identifying the characteristics of programs which should cause them to be subject to the guidance provided in a Statement on Social Insurance; the appropriate display of information in the financial statements; the identification of additional information, if any, which should be required for social insurance programs; the means for measurement of financial data included in such additional information; and, the desirability of nonfinancial indicators (ratios of data to GDP or "covered payroll") to describe the status of programs or the implications of potential changes to or needs of the programs.The Board has instructed the staff to be mindful of all current developments in structuring its research and its recommendations.
Applying Applicable Standards When Differences Arise - When financial information on such entities is included in general purpose financial reports of a larger Federal reporting entity (including Treasury's consolidated financial report), standards recommended by FASAB and issued by OMB and GAO should be used if the difference arising from differences between Federal accounting standards and FASB's would be material to users of the report of the larger entity.
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