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FASAB Statement 56: Understanding New Government Financial Accounting Loopholes
Table of Contents I. IntroductionII. History of the Federal Accounting Standards Advisory Board (FASAB)III. FASAB and Standard 56A. What Does Standard 56 Do?B. Reporting Entities Within the Scope of Standard 56C. Changes to Disclosure Standards Under Standard 56D. Modifications to Avoid Disclosure of Classified InformationE. Reporting on Consolidation EntitiesF. Interpretations Modifying Reporting Standards in…
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Watch the complete Video HERE or go to our Video page for more on The Missing Money “No money shall be drawn from the treasury, but in consequence of appropriations made by law; and a regular statement and account of receipts and expenditures of all public money shall be published from time to time.” ~…
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