Standards & Guidance

The FASAB Handbook of Accounting Standards and Other Pronouncements, as Amended (Current Handbook)—an approximate 2,500-page PDF—is the most up-to-date, authoritative source of generally accepted accounting principles (GAAP) developed for federal entities. It is updated annually to incorporate pronouncements issued by FASAB through June 30 of each year. The annual update includes incorporating amendments within each previously issued pronouncement.

The following pronouncements have been issued since June 30, 2018, and are not included in the current handbook:

Documents for Comment

  • 2018 Annual Report and Three-Year Plan due 1/23/2019
  • Guidance on Recognizing Liabilities Involving Multiple Component Reporting ... due 1/17/2019
  • Materiality due 1/23/2019
  • Rescission of Technical Release 8 due 10/5/2018
  • Interpretation of Federal Financial Accounting Standards 56: Classified Activities due 8/13/2018
  • Accounting and Reporting of Government Land due 7/30/2018
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Each issuance is presented individually in the handbook by chapter, and those issuances not already included in the complete handbook will be incorporated into the next annual update.