The Federal Accounting Standards Advisory Board (FASAB) published Statement of Federal Financial Accounting Standards 26, Presentation of Significant Assumptions for the Statement of Social Insurance: Amending SFFAS 25 ( www.fasab.gov/pdffiles/sffas-26.pdf ). Like its predecessor, SFFAS 26 is effective for periods that began after September 30, 2004. At the same time, the AICPA social insurance task force issued Statement of Position (SOP) 04-1, Auditing the Statement of Social Insurance, which is effective for periods beginning after September 30, 2005. The SOP ( www.aicpa.org/members/div/acctstd/recent_issued.asp ; see Official Releases, page 97) contains the task force’s recommendations regarding the application of statements on auditing standards to audits of statements of social insurance prepared in accordance with FASAB standards. Copies of the SOP (product no. 014941JA) can be ordered from the AICPA at 888-777-7077 or online at www.cpa2biz.com .