Active Projects

The board currently has a number of active projects in varying stages of completion. Each link below will take you to a page with information about the related project. The pages will include a history—with the most recent first—of the project and staff papers supporting deliberations. Staff contact information is provided on each project page for specific questions related to the project deliberations or status.

If you have questions or problems regarding access to any files, please e-mail Melissa Loughan and Ross Simms.

AICPA Omnibus
Adopting certain guidance for accounting and financial reporting issues that previously resided only in the professional auditing literature

Asbestos-Related Liabilities
Considering the appropriate recognition and measurement of asbestos-related cleanup costs

Concepts – The Financial Report
Revisiting the reporting model described in Statement of Federal Financial Accounting Concepts 2, Entity and Display

Concepts – Federal Entity
Defining the boundaries of the U.S. Government reporting entity and the component reporting entities

Deferred Maintenance & Asset Impairment
Developing guidance for reporting information about deferred maintenance and asset impairment

Earmarked Funds – Evaluation of Existing Standards
Identifying areas where actual results from the standard on earmarked funds do not match the board’s expectations

Investments and Other Equity Interests in Non-Federal Entities
Provide accounting standards for federal investments and other equity interests in non-federal entities, including various assets that can result from the federal government’s actions in stabilizing the economy

Leases
Developing comprehensive lease accounting standards for the federal government

Natural Resources
Developing reporting requirements to enhance accountability for and stewardship over federal natural resources (e.g., oil, gas, and coal)

Risk Assumed
Considering the appropriate recognition, measurement, and disclosure of significant risks assumed by the federal government

Stewardship Investments
Determining the appropriate categorization of the final stewardship category