Deferral of the Transition to Basic Information for Long-Term Projections

Project Objective:

To consider the need for a deferral of the transition of the statement of long-term fiscal projections for the U.S. government and related disclosures from required supplementary information (RSI) to basic information.

Request(s) for Comment Comment Letters Final Pronouncement
Deferral of the Transition to Basic Information for Long-Term Projections (PDF) – Exposure Draft Deferral of the Transition to Basic Information for Long-Term Projections (PDF)
Deferral of the Transition to Basic Information for Long-Term Projections (PDF) – Exposure Draft Comment Letters Deferral of the Transition to Basic Information for Long-Term Projections (PDF)
DEFERRAL OF THE TRANSITION TO BASIC INFORMATION FOR LONG-TERM PROJECTIONS: Amending SFFAS 36 and SFFAS 45 (PDF) – Exposure Draft Comment Letters N/A – Currently Under Due Process

HISTORY OF BOARD DELIBERATIONS (reverse chronology)

June 25-26, 2014 Board Meeting
The Board approved SFFAS 46 to defer the effective date.

April 30, 2014
The Board issues a proposal to defer the effective date until FY2015.

July 8, 2013
The Board issued SFFAS 45, Deferral of the Transition to Basic Information for Long-Term Projections.

November 20, 2012
The Board issued an exposure draft seeking comments by January 31, 2013.

Exposure Draft (PDF)

October 24-25, 2012 Board Meeting
The Board discussed the need for audit guidance regarding projections and agreed to propose a one-year deferral.

Issue Paper (PDF)