Deferral of the Transition to Basic Information for Long-Term Projections

Project Objective:

To consider the need for a deferral of the transition of the statement of long-term fiscal projections for the U.S. government and related disclosures from required supplementary information (RSI) to basic information.

Request(s) for Comment Comment Letters Final Pronouncement
Deferral of the Transition to Basic Information for Long-Term Projections (PDF) – Exposure Draft Comment Letters Deferral of the Transition to Basic Information for Long-Term Projections (PDF)

HISTORY OF BOARD DELIBERATIONS (reverse chronology)

April 24-25, 2013 Board Meeting
The P3 Project was not discussed at the April Board meeting. In consultation with the P3 Task Force,Staff is continuing research and conducting agency and industry fact-finding meetings. If you areinterested in serving on the P3 Task Force or would like to discuss any aspects of the project, pleasecontact Mr. Savini.

November 20, 2012
The Board issued an exposure draft seeking comments by January 31, 2013.

Exposure Draft (PDF)

October 24-25, 2012 Board Meeting

The Board discussed the need for audit guidance regarding projections and agreed to propose a one-year deferral.

Issue Paper (PDF)