News Releases

FASAB prepares and posts news releases when there is time-sensitive information or items of general interest to report to our constituents.  For example, FASAB posts news releases:

  • to request public comment on exposure drafts and other documents for comment,
  • to announce upcoming public hearings,
  • to issue final pronouncements, and
  • to disseminate other FASAB publications and news items.

To be notified of FASAB news releases as soon as they are posted, please:

Year Date Topic Details
2014 July 11, 2014 (PDF) FASAB Board Members Member News: Michael Granof and Scott Showalter Reappointed for Second Terms
2014 April 30, 2014 (PDF) Document for Comment FASAB Requests Your Comments Regarding Deferral of the Transition of Long-Term Projections to Basic Information
2013 Dec 16, 2013 (PDF) Document for Comment FASAB Requests Input on its Three-Year Plan and Annual Report
2013 Sep 26, 2013 (PDF) Final Pronouncement AAPC Issues Technical Release 15, Implementation Guidance for General Property, Plant, and Equipment Cost Accumulation, Assignment and Allocation
2013 July 8, 2013 (PDF) Final Pronouncement FASAB Defers Effective Date of the Transition to Basic Information for Long-Term Projections
2013 March 1, 2013 (PDF) Document for Comment AAPC Requests Comments on Proposed Implementation Guidance on General Property, Plant, and Equipment Cost Accumulation, Assignment, and Allocation
2013 January 3, 2013 (PDF) Final Pronouncement FASAB Issues Standards on Asset Impairment
2012 November 20, 2012 (PDF) Document for Comment FASAB Requests Your Comments Regarding Deferral of the Transition of Long-Term Projections to Basic Information
2012 November 15, 2012 (PDF) Document for Comment FASAB Issues its Annual Report and Three-Year Plan
2012 July 19, 2012 (PDF) Mission Statement FASAB Updates its Mission Statement
2012 June 5, 2012 (PDF) FASAB Board Members Member News: Graylin Smith and Harold Steinberg Appointed
2012 June 1, 2012 (PDF) Final Pronouncement FASAB Issues Standards for Reporting Dedicated Collections (formerly Earmarked Funds)
2012 Apr. 25, 2012 (PDF) Final Pronouncement FASAB Revises Standards for Reporting Deferred Maintenance and Repairs
2012 Feb. 28, 2012 (PDF) Document for Comment FASAB Requests Comments on Proposed Accounting for Impairment
of General Property, Plant, and Equipment Remaining in Use
2012 Jan. 11, 2012 (PDF) Informational Report FASAB Issues Three-Year Plan
2011 Nov. 30, 2011 (PDF) FASAB Board Members Member News: Sam McCall Appointed to a Five-Year Term
2011 Oct 6, 2011 (PDF) Final Pronouncement AAPC Issues Statement of Federal Financial Accounting Technical Release 14, Implementation Guidance on the Accounting for the Disposal of General Property, Plant & Equipment
2011 Sept 22, 2011 (PDF) Final Pronouncement FASAB Staff Issues Technical Bulletin 2011-2, Extended Deferral of the Effective Date of Technical Bulletin 2006-1, Recognition and Measurement of Asbestos-Related Cleanup Costs
2011 Sept 7, 2011 (PDF) Other FASAB Approves Plan to Address Federal Lease Accounting Standards
2011 August 16, 2011 (PDF) Final Pronouncement FASAB Issues Concepts Statement on Measurement
2011 July 25, 2011 (PDF) FASAB Board Members FASAB Mourns Elmer Staats, Former Chairman
2011 July 13, 2011 (PDF) Document  for Comment FASAB Staff Exposes Draft Technical Bulletin 2011-2, Extended Deferral of the Effective Date of Technical Bulletin 2006-1
2011 July 7, 2011 (PDF) Informational Report AAPC Issues a Records Retention Timeframes for Property, Plant, & Equipment Research Report
2011 Jul. 6, 2011 (PDF) Final Pronouncement FASAB Issues Final Standard 41, Deferral of the Effective Date of SFFAS 38, Accounting for Federal Oil and Gas Resources
2011 Jul. 6, 2011 (PDF) Final Pronouncement FASAB Staff Issues Technical Bulletin 2011-1, Accounting for Federal Natural Resources Other Than Oil and Gas
2011 Jun. 27, 2011 (PDF) Document  for Comment FASAB Requests Comments on Proposed Deferred Maintenance
and Repairs Standards
2011 June 1, 2011 (PDF) Final Pronouncement AAPC Issues Statement of Federal Financial Accounting Technical Release 13, Implementation Guide for Estimating the Historical Cost of General Property, Plant & Equipment
2011 May 19, 2011 (PDF) Informational Report AAPC Issues a Management’s Discussion and Analysis Best Practices Report
2011 May 11, 2011 (PDF) Final Pronouncement FASAB Issues Final Standard 40, Definitional Changes Related to Deferred Maintenance and Repairs: Amending Statement of Federal Financial Accounting Standards 6, Accounting for Property, Plant, and Equipment
2011     Jan. 5, 2011 (PDF) Document  for Comment FASAB Releases an Exposure Draft that Proposes to Defer the Effective Date of SFFAS 38,
Accounting for Federal Oil and Gas Resources
2011 Jan. 5, 2011 (PDF) Document  for Comment FASAB Staff Exposes Draft Technical Bulletin 2011-1, Accounting for Federal Natural Resources Other Than Oil and Gas
2010 Dec. 22, 2010 (PDF)

Informational Report FASAB Financial Reporting Model Task Force Issues Recommendations for Enhancing the Federal Reporting Model
2010 Dec. 10, 2010 (PDF)

Document  for Comment AAPC Issues two Federal Financial Accounting Technical Release Exposure Drafts Entitled: Implementation Guidance on the Accounting for the Disposal of G-PP&E and Implementation Guide for Estimating the Historical Cost of G-PP&E
2010 Sep. 13, 2010 (PDF)

Document  for Comment FASAB Issues an Exposure Draft of a Concepts Statement on Measurement of the Elements of Accrual-Basis Financial Statements in Periods After Initial Recording
2010 Aug. 4, 2010 (PDF) Final Pronouncement AAPC issues Technical Release 12, Accrual Estimates for Grant Programs
2010 Aug. 4, 2010 (PDF)

Final Pronouncement FASAB Issues Standard on Subsequent Events: Codification of Accounting and Financial Reporting Standards Contained in the AICPA Statements on Auditing Standards
2010 Jun. 2, 2010 (PDF) Final Pronouncement AAPC Issues Technical Release 10: Implementation Guidance on Asbestos Cleanup Costs Associated with Facilities and Installed Equipment and Technical Release 11: Implementation Guidance on Cleanup Costs Associated with Equipment
2010 May 4, 2010 (PDF) Document  for Comment FASAB Releases Definitional Changes Related to Deferred Maintenance and Repairs: Amending Statement of Federal Financial Accounting Standards 6, Accounting for Property, Plant, and Equipment.
2010 Apr. 13, 2010 (PDF) Final Pronouncement FASAB Issues Standard on Accounting for Federal Oil and Gas Resources
2010 Apr. 5, 2010 (PDF)

Final Pronouncement SFFAS 37 – Social Insurance: Additional Requirements for Management’s Discussion and Analysis and Basic Financial Statements
2010 Mar. 22, 2010 (PDF) Document for Comment AAPC Publishes Exposure Draft of a New Federal Financial Accounting Technical Release Entitled Accrual Estimates for Grant Programs
2009 Oct. 20, 2009 (PDF) Document for Comment FASAB Issues Exposure Draft on Subsequent Events: Codification of Accounting and Financial Reporting Standards Contained in the AICPA Statements on Auditing Standards
2009 Oct. 14, 2009 (PDF) Final Pronouncement FASAB Issues Standard on Estimating the Historical Cost of General, Property, Plant, and Equipment
2009 Sep. 28, 2009 (PDF) Final Pronouncement FASAB Issues Requirements for Fiscal Sustainability Reporting
2009 Sep. 22, 2009 (PDF) Final Pronouncement FASAB Staff Issues Technical Bulletin 2009-1, Deferral of the Effective Date of Technical Bulletin 2006-1
2009 Sep. 3, 2009 (PDF) Document for Comment AAPC Releases Exposure Draft on Implementation Guidance on Asbestos Cleanup Costs Associated with Facilities and Installed Equipment
2009 Sep. 3, 2009 (PDF) Document for Comment AAPC Releases Exposure Draft on Implementation Guidance on Cleanup Costs Associated with Equipment
2009 Aug. 3, 2009 (PDF) FASAB Board Members John Farrell and James Patton Complete Service; Michael Granof and Scott Showalter Begin Five-Year Terms
2009 Jul. 28, 2009 (PDF) Final Pronouncement FASAB Releases Standard on the GAAP Hierarchy for Federal Entities
2009 Jul. 6, 2009 (PDF) Document for Comment FASAB Releases Exposure Draft on Accounting for Federal Oil and Gas Resources
2009 Jun. 4, 2009 (PDF) Document for Comment Exposure Draft Proposing to Defer the Effective Date of Technical Bulletin 2006-1
2009 Feb. 4, 2009 (PDF) Final Pronouncement FASAB Issues a Concepts Statement Entitled Distinguishing Basic Information, Required Supplementary Information, and Other Accompanying Information
2008 Dec. 2, 2008 (PDF) Document for Comment FASAB Releases Exposure Draft on the GAAP Hierarchy for Federal Entities
2008 Nov. 17, 2008 (PDF) Document for Comment FASAB Releases Exposure Draft on Social Insurance
2008 Nov. 14, 2008 (PDF) Document for Comment FASAB Issues an Exposure Draft Entitled: Estimating the Historical Cost of General Property, Plant, and Equipment — Amending Statements of Federal Financial Accounting Standards 6 and 23
2008 Oct. 14, 2008 (PDF) Final Pronouncement FASAB Publishes SFFAS 33, Pensions, Other Retirement Benefits, And Other Post-Employment Benefits: Reporting Gains And Loses From Changes In Assumptions and Selecting Discount Rates and Valuation Dates
2008 Sep. 2, 2008 (PDF) Document for Comment FASAB Issues an Exposure Draft Entitled: Reporting Comprehensive Long-Term Fiscal Projections for the U.S. Government
2008 Mar. 26, 2008 (PDF) Document for Comment FASAB Issues a Concepts Statement Exposure Draft Entitled: Distinguishing Basic Information, Required Supplementary Information, and Other Accompanying Information
2008 Feb. 26, 2008 (PDF) Final Pronouncement FASAB Issues Statement of Federal Financial Accounting Technical Release 8: Clarification of Standard Relating to Inter-Entity Costs and Technical Release 9: Implementation Guide for tatement of FASAB 29: Heritage Assets and Stewardship Land  
2007 Dec. 26, 2007 (PDF) Final Pronouncement FASAB Issues SFFAC 5 Definitions of Elements and Basic Recognition Criteria for Accrual-Basis Financial Statements
2007 Sep. 26, 2007 (PDF) Other FASAB Extends Comment Period for the Exposure Draft Entitled Accounting for Federal Oil and Gas Resources
2007 Aug. 3, 2007 (PDF) Document for Comment FASAB Issues an Exposure Draft Entitled Reporting Gains and Losses from Changes in Assumptions and Selecting Discount Rates and Valuation Dates
2007 Jun. 21, 2007 (PDF) FASAB Board Members

Claire Cohen Completes Five-Year Term; Alan Schumacher Begins Second Five-Year Term; and Hal Steinberg Joins for a Five-Year Term
2007 Jun. 11, 2007 (PDF) Document for Comment AAPC Issues an Exposure Draft Entitled Implementation Guide for SFFAS 29: Heritage Assets and Stewardship Land
2007 Jun. 5, 2007 (PDF) Document for Comment AAPC Issues an Exposure Draft Entitled Clarification of Standards Related to Inter-Entity Cost
2007 Jun. 1 ,2007 (PDF) Final Pronouncement FASAB Issues Technical Release 7, Clarification of Standards Relating to the National Aeronautics and Space Administration’s Space Exploration Equipment
2007 May 21, 2007 (PDF) Document for Comment FASAB Issues an Exposure Draft Entitled Accounting for Federal Oil and Gas Resources
2007 Mar. 16, 2007 (PDF) Final Pronouncement FASAB Issues Interpretation 7: Items Held for Remanufacture
2007 Feb. 16, 2007 (PDF) Other FASAB Establishes Fiscal Sustainability Task Force
2007 Feb. 6, 2007 (PDF) Other Social Insurance Reminder Notice

2006 Nov. 21, 2006 (PDF) FASAB Board Members FASAB Welcomes New Board Member
2006 Oct. 24, 2006 (PDF) Final Pronouncement FASAB Issues SFFAS 31, Accounting for Fiduciary Activities
2006 Oct. 23, 2006 (PDF) Document for Comment FASAB Issues Preliminary Views Regarding Accounting for Social Insurance
2006 Sep. 28, 2006 (PDF) Final Pronouncement FASAB Releases Technical Bulletin 2006-1, Recognition and Measurement of Asbestos-Related Cleanup Costs
2006 Aug 1, 2006 (PDF) Document for Comment FASAB Issues an Exposure Draft Entitled Interpretation: Items Held for Remanufacture
2006 Nov. 2, 2006 (PDF) Informational Report FASAB Issues Report Entitled FASAB’s Strategic Directions—Clarifying FASAB’s Near-Term Role in Achieving the Objectives of Federal Financial Reporting
2006 Sep. 28, 2006 (PDF) Final Pronouncement FASAB Releases SFFAS 32 – Consolidated Financial Report of the United States Government Requirements
2006 Jul. 25, 2006 (PDF) Other FASAB to Operate under a Revised Memorandum of Understanding among it Sponsors
2006 Jun. 7, 2006 (PDF) Document for Comment FASAB Issues Proposed Concept Statement on Elements and Recognition
2006 Jun. 1, 2006 (PDF) Document for Comment FASAB Issues Exposure Draft on Recognition and Measurement of Asbestos-Related Cleanup Costs
2013 April 03, 2013 (PDF) Document for Comment FASAB Requests Comments on its Reporting Entity Proposal (PDF)