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Please note: This item is from our archives and was published in 2002. It is provided for historical reference. The content may be out of date and links may no longer function.
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The Federal Accounting Standards Advisory Board issues Technical Bulletin 2002-1, Assigning to Component Entities Costs and Liabilities that Result From Legal Claims Against the Federal Government ( www.fasab.gov/pdf/presreltb.pdf ). According to the guidance, all such costs and liabilities must be attributed either to the component entities responsible for the programs or activities that contributed to the claims or to their successor component entities.
