Federal Accounting Standards Advisory Board Email Format
AccountingDistrict of Columbia, United States11-50 Employees
The Federal Accounting Standards Advisory Board (FASAB) operates within the accounting sector with a focus on federal financial reporting. It develops federal financial accounting standards and offers guidance intended to improve the usefulness and accountability of financial information for external and internal users, supporting public accountability and the effective functioning of government. Its work aims to ensure that financial statements prepared according to generally accepted accounting principles enable assessment of the government’s accountability, efficiency, and the broader consequences of resource allocation. Based in Washington, DC, the board serves clients across the federal government and related reporting stakeholders, positioning itself as a standard-setting body in government accounting. In addition to its standard-setting responsibilities, FASAB periodically releases technical guidance and exposure drafts to address gaps in existing guidance, as evidenced by recent publications and leadership changes.