The Federal Accounting Standards Advisory Board issued an
exposure draft (ED), Consolidated Financial Report of the United
States Government Requirements: Implementing Statement of Federal
Financial Accounting Concepts 4, Intended Audience and
Qualitative Characteristics for the Consolidated Financial Report of
the United States Government (
www.fasab.gov/pdffiles/consolfinancialreport.pdf ). The proposed
standard would identify ways preparers could condense voluminous CFR
information into more easily understood summary disclosures in keeping
with the provisions of SFFAC 4. Comments are due March 1, 2006.
The Governmental Accounting Standards Board (GASB)
released the 2005 update to its Comprehensive Implementation
Guide, which consolidates related publications issued through
June 30, 2005, and updates questions and answers pertaining to GASB
Statement nos. 3, 9, 10, 14, 25, 26, 27, 31, 34 (and related
statements) and 40. It also discusses the effects of statements
through no. 46 and can be ordered at
http://shop.store.yahoo.com/gasbpubs/gsig05.html .