FASAB seeks comments on annual report, 3-year plan

By Kevin Brewer

The Federal Accounting Standards Advisory Board (FASAB) is seeking comments on its Annual Report for Fiscal Year 2022 and Three-Year Plan, which was released Tuesday.

The combined report allows stakeholders to consider FASAB's progress and invites them to advise the board about its plans. The report reviews FASAB's efforts and accomplishments during fiscal year 2022 and provides information and three-year timelines for current projects.

Comments on the annual report and the three-year plan will be accepted through Jan. 18. They may be submitted by email to fasab@fasab.gov.

— To comment on this article or to suggest an idea for another article, contact Kevin Brewer at Kevin.Brewer@aicpa-cima.com.

Where to find March’s flipbook issue

The Journal of Accountancy is now completely digital. 

 

 

 

SPONSORED REPORT

Get Clients Ready for Tax Season

This comprehensive report looks at the changes to the child tax credit, earned income tax credit, and child and dependent care credit caused by the expiration of provisions in the American Rescue Plan Act; the ability e-file more returns in the Form 1040 series; automobile mileage deductions; the alternative minimum tax; gift tax exemptions; strategies for accelerating or postponing income and deductions; and retirement and estate planning.