A proposal by the Accounting and Auditing Policy Committee of the Federal Accounting Standards Advisory Board (FASAB) would amend four federal government accounting standards technical releases to conform with recently issued guidance.
The proposed federal financial accounting technical release (TR), issued Wednesday, March 30, would amend four TRs providing implementation guidance on cleanup costs associated with facilities and equipment, accounting for the disposal of general property and leases.
The FASAB will accept comments on the exposure draft through May 31 and encourages respondents to provide reasons for their suggestions. Learn more.