GAE2018. FASAB Update

The Federal Accounting Standards Advisory Board marked its 30th anniversary and continues to actively pursue improvements to federal financial reporting. Attendees will learn about the challenging issues being addressed and have an opportunity to ask questions. Attendees will leave informed about:

• FASAB’s COVID-19-related efforts, including redesigning technical inquiry web page and developing new webinars
• What’s next for reporting on Leases, Land, Management’s Discussion and Analysis (MD&A), and FASAB’s conceptual Framework
• Reexamining existing standards for relevance, consistency, and usefulness
• Areas for improvement in the federal reporting model and principles that will guide future efforts
• Ongoing efforts in developing a federal agency training and outreach program to share the extensive library of authoritative standards the Board has produced and to assist agency personnel in navigating that guidance 

Learning Objectives:

• Recall the issues the Federal Accounting Standards Advisory Board views as a priority in the near term and why
• Recognize newly issued standards
• Identify emerging issues