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The Federal Accounting Standards Advisory Board (FASAB) is a United States federal advisory committee whose mission is to improve federal financial reporting through issuing federal financial accounting standards and providing guidance after considering the needs of external and internal users of federal financial information. [3]
On February 15, 2008, Walker announced that he was resigning from GAO to head The Peter G. Peterson Foundation. Eugene Louis Dodaro became acting comptroller general of the United States on March 13, 2008, and was subsequently appointed by the president on September 22, 2010, and confirmed by the Senate on December 22, 2010, as the comptroller ...
GAAP for the Federal government is defined by the Federal Accounting Standards Advisory Board. In January 2020, GASB appointed Joel Black to succeed David Vaudt as the chair. Black is also partner-in-charge of Mauldin & Jenkins LLC. [4]
The United States Government Accountability Office (GAO) is an independent, nonpartisan government agency within the legislative branch that provides auditing, evaluative, and investigative services for the United States Congress. [2] It is the supreme audit institution of the federal government of the United States.
The U.S. Government Accountability Office says it was notified of a data breach by IT contractor CGI Federal. The GAO said that about 6,000 people, "primarily current and former GAO employees from ...
The Financial Accounting Standards Board (FASB) is a private standard-setting body [1] whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest.
The FASAB issues federal financial accounting standards and provides guidance to federal reporting entities. [ 14 ] Other influential organizations include the Government Finance Officer's Association (GFOA), American Accounting Association, Institute of Management Accountants, and Financial Executives Institute.
The Chief Financial Officers (CFO) Act of 1990 (Public Law 101–576) signed into law by President George H. W. Bush on November 15, 1990, is a United States federal law intended to improve the government's financial management, outlining standards of financial performance and disclosure.