Events in FASAB’s History
| Date | Event |
|---|---|
| October 10, 1990 | The U.S. Department of the Treasury, the Office of Management and Budget (OMB), and the Government Accountability Office (GAO) jointly agree to sponsor the Federal Accounting Standards Advisory Board (FASAB) by signing a “Memorandum of Understanding Among the General Accounting Office, the Department of the Treasury, and the Office of Management and Budget on Federal Government Accounting Standards and a Federal Accounting Standards Advisory Board” (Mission MOU) |
| November 15, 1990 | The Chief Financial Officers (CFO) Act signed into law by President George H.W. Bush |
| January 17, 1991 | FASAB sponsors draft Rules of Procedure |
| January 18, 1991 | FASAB sponsors name members, including Elmer Staats as chairman |
| January 23, 1991 | Last of FASAB’s three sponsors—the U.S. Department of the Treasury, the Office of Management and Budget, and the Government Accountability Office—sign an MOU on the administrative arrangements for FASAB (Administrative MOU) |
| January 25, 1991 | FASAB holds its first meeting. Topics of discussion include the MOUs; ethics requirements; draft rules of procedure; agenda-setting process; and briefings on GAO’s Title 2, CFO Act, and OMB’s plans to implement financial statement preparation and audits. |
| February 28, 1992 | FASAB holds a public hearing to hear testimony about the objectives of federal financial reporting |
| June 30, 1992 | FASAB holds a roundtable with state leaders to discuss user needs and the objectives of financial reporting |
| March 30, 1993 | FASAB issues Statement of Federal Financial Accounting Standards (SFFAS) 1, Accounting for Selected Assets and Liabilities |
| April 21–22, 1993 | FASAB holds a public hearing to hear testimony about (1) the objectives of federal financial reporting and (2) inventory |
| August 23, 1993 | FASAB issues SFFAS 2, Accounting for Direct Loans and Loan Guarantees |
| September 2, 1993 | FASAB issues Statement of Federal Financial Accounting Concepts (SFFAC) 1, Objectives of Federal Financial Reporting |
| October 27, 1993 | FASAB issues SFFAS 3, Accounting for Inventory and Related Property |
| November 29, 1994 | FASAB holds a public hearing to hear testimony on entity and display |
| November 30, 1994 | FASAB holds a public hearing to hear testimony on cost accounting |
| January 9–10, 1995 | FASAB holds a public hearing to hear testimony on managerial cost accounting and liabilities |
| April 20, 1995 | FASAB issues SFFAC 2, Entity and Display |
| May 24, 1995 | FASAB holds a public hearing to hear testimony about exposure draft, Accounting for Property, Plant, and Equipment |
| July 31, 1995 | FASAB issues SFFAS 4, Managerial Cost Accounting Standards and Concepts |
| September 20, 1995 | FASAB holds a public hearing to hear testimony from interested parties on the Accounting for Revenue and Other Financing Sources exposure draft, issued in July 1995 |
| November 30, 1995 | FASAB issues SFFAS 6, Accounting for Property, Plant, and Equipment |
| December 20, 1995 | FASAB issues SFFAS 5, Accounting for Liabilities of the Federal Government |
| May 10, 1996 | FASAB issues SFFAS 7, Accounting for Revenue and Other Financing Sources and Concepts for Reconciling Budgetary and Financial Accounting |
| June 11, 1996 | FASAB issues SFFAS 8, Supplementary Stewardship Reporting |
| September 26, 1996 | FASAB approves formation of Natural Resources Task Force |
| September 30, 1996 | Executive director Ron Young retires; Wendy [Comes] Payne named as Acting Executive Director |
| December 31, 1996 | FASAB issues Overview of Federal Accounting Concepts and Standards (as of September 30, 1996) |
| January 20, 1997 | Wendy [Comes] Payne appointed as executive director of FASAB |
| January 31, 1997 | Elmer Staats retires as first chairman of FASAB |
| February 1, 1997 | David Mosso becomes second chairman of FASAB |
| March 3, 1997 | FASAB issues SFFAS 9, Deferral of the Effective Date of Managerial Cost Accounting Standards for the Federal Government in SFFAS 4 |
| March 12, 1997 | FASAB issues Interpretation of Federal Financial Accounting Standards (Interpretation) 1, Reporting on Indian Trust Funds in General Purpose Financial Reports of the Department of the Interior and in the Consolidated Financial Statements of the United States Government: An Interpretation of SFFAS 7 |
| March 12, 1997 | FASAB issues Interpretation 2, Accounting for Treasury Judgment Fund Transactions: An Interpretation of SFFAS 4 and SFFAS 5 |
| May 1997 | The Accounting and Auditing Policy Committee (AAPC) is organized by OMB, GAO, Treasury, the Chief Financial Officers' Council (CFOC), and the Council of the Inspectors General on Integrity and Efficiency (CIGIE) (formally the President's Council on Integrity and Efficiency [PCIE]), as a new body to research accounting and auditing issues requiring guidance |
| August 29, 1997 | FASAB issues Interpretation 3, Measurement Date for Pension and Retirement Health Care Liabilities |
| December 19, 1997 | FASAB issues Interpretation 4, Accounting for Pension Payments in Excess of Pension Expense |
| March 1, 1998 | AAPC issues Federal Financial Accounting and Auditing Technical Release (Technical Release) 1: Audit Legal Representation Letter Guidance |
| March 15, 1998 | AAPC issues Technical Release 2: Determining Probable and Reasonably Estimable for Environmental Liabilities in the Federal Government |
| June 1998 | FASAB issues SFFAS 10, Accounting for Internal Use Software |
| June 26, 1998 | FASAB holds a public hearing on its proposed amendments to the property, plant, and equipment standards in SFFAS 6, Accounting for Property, Plant, and Equipment |
| October 5-6, 1998 | FASAB holds a public hearing to hear testimony on its exposure draft, Accounting for Social Insurance |
| December 3, 1998 | FASAB holds a public hearing to hear testimony on national defense property, plant, and equipment |
| December 15, 1998 | FASAB issues SFFAS 11, Amendments to Accounting for Property, Plant, and Equipment—Definitional Changes—Amending SFFAS 6 and SFFAS 8 Accounting for Property, Plant, and Equipment and Supplementary Stewardship Reporting |
| December 1998 | FASAB issues SFFAS 12, Recognition of Contingent Liabilities Arising from Litigation: An Amendment of SFFAS 5, Accounting for Liabilities of the Federal Government |
| December 1998 | FASAB issues Interpretation 5, Recognition by Recipient Entities of Receivable Nonexchange Revenue: An Interpretation of SFFAS 7 |
| January 1999 | FASAB issues SFFAS 13, Deferral of Paragraph 65.2—Material Revenue-Related Transactions Disclosures |
| April 1999 | FASAB issues SFFAS 14, Amendments to Deferred Maintenance Reporting Amending SFFAS 6, Accounting for Property, Plant and Equipment and SFFAS 8, Supplementary Stewardship Reporting |
| April 1999 | FASAB issues SFFAC 3, Management’s Discussion and Analysis |
| April 1999 | FASAB issues SFFAS 15, Management’s Discussions and Analysis |
| July 1999 | FASAB issues SFFAS 16, Amendments to Accounting for Property, Plant, and Equipment—Measurement and Reporting for Multi-Use Heritage Assets: Amending SFFAS 6 and SFFAS 8 Accounting for Property, Plant, and Equipment and Supplementary Stewardship Reporting |
| July 31, 1999 | AAPC issues Technical Release 3 (Rescinded): Preparing and Auditing Direct Loan and Loan Guarantee Subsidies under the Federal Credit Reform Act |
| July 31, 1999 | AAPC issues Technical Release 4: Reporting on Non-Valued Seized and Forfeited Property |
| August 1999 | FASAB issues SFFAS 17, Accounting for Social Insurance |
| October 4, 1999 | FASAB sponsors revise MOU to provide that an SFFAS or an SFFAC will become final 90 days after FASAB has transmitted its proposed concept or standard to each of the three FASAB principals, so long as no principal, during that 90-day period, advises FASAB of an objection |
| October 19, 1999 | The American Institute of Certified Public Accountants’ (AICPA) Council designates FASAB as the accounting standards-setting body for federal government entities under Rule 203 of the AICPA’s Code of Professional Conduct |
| May 2000 | FASAB issues SFFAS 18, Amendments to Accounting Standards For Direct Loans and Loan Guarantees in Statement of Federal Financial Accounting Standards 2 |
| June 2000 | FASAB staff issues Technical Bulletin 2000-1, Purpose and Scope of FASAB Technical Bulletins and Procedures for Issuance |
| July 2000 | FASAB issues Discussion Paper "Accounting for the Natural Resources of the Federal Government" prepared by the FASAB Natural Resources Task Force. |
| March 2001 | FASAB issues SFFAS 19, Technical Amendments to Accounting Standards For Direct Loans and Loan Guarantees in Statement of Federal Financial Accounting Standards No. 2 |
| April 27, 2001 | FASAB holds a public hearing to hear testimony on preliminary views about required supplementary stewardship information |
| May 14, 2001 | AAPC issues Technical Release 5: Implementation Guidance on Statement of Federal Financial Accounting Standards 10: Accounting for Internal Use Software |
| September 2001 | FASAB issues SFFAS 20, Elimination of Certain Disclosures Related to Tax Revenue Transactions by the Internal Revenue Service, Customs, and Others, Amending SFFAS 7, Accounting for Revenue and Other Financing Sources |
| October 2001 | FASAB issues SFFAS 21, Reporting Correction of Errors and Changes in Accounting Principles, Amendment of SFFAS 7, Accounting for Revenue and Other Financing Sources |
| October 2001 | FASAB issues SFFAS 22, Reporting Correction of Errors and Changes in Accounting Principles, Amendment of SFFAS 7, Accounting for Revenue and Other Financing Sources |
| January 11, 2002 | FASAB sponsors revise the MOU to increase the number of public members on the board from three to six, decrease the number of federal government members from six to three, and provide for terms of up to 10 years |
| July 24, 2002 | FASAB staff issues Technical Bulletin 2002-1, Assigning to Component Entities Costs and Liabilities that Result from Legal Claims Against the Federal Government |
| September 19, 2002 | FASAB staff issues Technical Bulletin 2002-2, Disclosures Required by Paragraph 79(g) of SFFAS 7 Accounting for Revenue and Other Financing Sources and Concepts for Reconciling Budgetary and Financial Accounting |
| January 2003 | FASAB issues SFFAS 24, Selected Standards for the Consolidated Financial Report of the United States Government |
| March 2003 | FASAB issues SFFAC 4, Intended Audience and Qualitative Characteristics for the Consolidated Financial Report of the United States Government |
| April 18, 2003 | FASAB issues Interpretation 6, Accounting for Imputed Intra-departmental Costs: An Interpretation of SFFAS 4 |
| May 7, 2003 | FASAB sponsors revise the MOU to restore board representation for the Congressional Budget Office |
| May 8, 2003 | FASAB issues SFFAS 23, Eliminating the Category National Defense Property, Plant, and Equipment |
| June 13, 2003 | FASAB staff issues Technical Bulletin 2003-1, Certain Questions and Answers Related to the Homeland Security Act of 2002 |
| July 2003 | FASAB issues SFFAS 25, Reclassification of Stewardship Responsibilities and Eliminating the Current Services Assessment |
| October 2003 | FASAB issues Capital and Operating Leases, A Research Report prepared by Susan S. K. Lee on detail from the Federal Aviation Administration. |
| January 2004 | AAPC issues Technical Release 3 (Revised): Auditing Estimates for Direct Loan and Loan Guarantee Subsidies under the Federal Credit Reform Act—Amendments to Technical Release No. 3 Preparing and Auditing Direct Loan and Loan Guarantee Subsidies under the Federal Credit Reform Act |
| January 2004 | AAPC issues Technical Release 6: Preparing Estimates for Direct Loan and Loan Guarantee Subsidies under the Federal Credit Reform Act—Amendments to Technical Release No. 3 Preparing and Auditing Direct Loan and Loan Guarantee Subsidies under the Federal Credit Reform Act |
| March 4, 2004 | FASAB holds a public hearing to hear testimony about comments on two exposure drafts: (1) Heritage Assets and Stewardship Land: Reclassification from Required Supplementary Stewardship Information and (2) Identifying and Reporting Earmarked funds |
| May 23, 2004 | AICPA Council unanimously votes to continue FASAB’s status as a Rule 203 standards-setting authority |
| October 29, 2004 | FASAB issues SFFAS 26, Presentation of Significant Assumptions for the Statement of Social Insurance: Amending SFFAS 25 |
| December 28, 2004 | FASAB issues SFFAS 27, Identifying and Reporting Earmarked Funds |
| January 6, 2005 | FASAB issues SFFAS 28, Deferral of the Effective Date of Reclassification of the Statement of Social Insurance: Amending SFFAS 25 and 26 |
| January 31, 2005 | FASAB staff issues Staff Implementation Guidance 23.1: Guidance for Implementation of SFFAS 23, Eliminating the Category National Defense Property, Plant, and Equipment: Classification of Items Formerly Considered National Defense PP&E |
| July 7, 2005 | FASAB issues SFFAS 29, Heritage Assets and Stewardship Land |
| July 22, 2005 | FASAB releases Invitation to Comment, Technical Agenda Options, seeking public comment on four projects under consideration |
| August 15, 2005 | FASAB issues SFFAS 30, Inter-Entity Cost Implementation: Amending SFFAS 4, Managerial Cost Accounting Standards and Concepts |
| August 17, 2005 | FASAB holds a public hearing to hear testimony on fiduciary assets |
| September 19, 2005 | FASAB staff hold Budgetary Integrity Roundtable |
| September 28, 2005 | FASAB staff hold Operating Performance Roundtable |
| November 29, 2005 | FASAB staff hold Stewardship Roundtable |
| December 6, 2005 | FASAB staff hold Systems and Control Roundtable |
| July 24, 2006 | FASAB sponsors revise the MOU to provide for an additional 90-day review period in the event of unanticipated circumstances |
| September 27, 2006 | FASAB holds a public hearing to hear testimony on the exposure draft, Definition and Recognition of Elements of Accrual-Basis Financial Statements |
| September 28, 2006 | FASAB issues SFFAS 32, Consolidated Financial Report of the United States Government Requirements |
| September 28, 2006 | FASAB staff issues Technical Bulletin 2006-1, Recognition and Measurement of Asbestos-Related Cleanup Costs |
| October 23, 2006 | FASAB releases Preliminary Views, Accounting for Social Insurance, Revised |
| October 24, 2006 | FASAB issues SFFAS 31, Accounting for Fiduciary Activities |
| November 2, 2006 | FASAB issues Report, FASAB’s Strategic Directions—Clarifying FASAB’s Near-Term Role in Achieving the Objectives of Federal Financial Reporting |
| December 31, 2006 | David Mosso retires as second chairman of FASAB |
| January 1, 2007 | Tom Allen becomes third chairman of FASAB |
| February 16, 2007 | FASAB establishes Fiscal Sustainability Task Force |
| March 16, 2007 | FASAB issues Interpretation 7, Items Held for Remanufacture |
| May 23, 2007 | FASAB holds a public hearing to hear testimony about the Preliminary Views document, Accounting for Social Insurance, Revised |
| June 1, 2007 | AAPC issues Technical Release 7: Clarification of Standards Relating to the National Aeronautics and Space Administration's Space Exploration Equipment |
| December 4, 2007 | FASAB approves the formation of the Federal Entity Task Force |
| December 26, 2007 | FASAB issues SFFAC 5, Definitions of Elements and Basic Recognition Criteria for Accrual-Basis Financial Statements |
| February 26, 2008 | AAPC issues Technical Release 8: Clarification of Standard Relating to Inter-Entity Costs and Technical Release 9: Implementation Guide for Statement of FASAB 29: Heritage Assets and Stewardship Land |
| August 21, 2008 | FASAB hosts first joint meeting with the Governmental Accounting Standards Board (GASB) |
| October 14, 2008 | FASAB issues SFFAS 33, Pensions, Other Retirement Benefits, and Other Post-employment benefits: Reporting Gains and Losses from Changes in Assumptions and Selecting Discount Rates and Valuation Dates |
| November 17, 2008 | FASAB releases Exposure Draft, Accounting for Social Insurance, Revised |
| February 4, 2009 | FASAB issues SFFAC 6, Distinguishing Basic Information, Required Supplementary Information, and Other Accompanying Information |
| February 25, 2009 | FASAB holds a public hearing to hear testimony from respondents to two exposure drafts: Reporting Comprehensive Long-Term Fiscal Projections for the U.S. Government and Accounting for Social Insurance, Revised |
| March 19, 2009 | FASAB staff issues Staff Implementation Guidance 31.1: Guidance for Implementation of SFFAS 31, Accounting for Fiduciary Activities |
| July 28, 2009 | FASAB issues SFFAS 34, The Hierarchy of Generally Accepted Accounting Principles for Federal Entities, Including the Application of Standards Issued by the Financial Accounting Standards Board |
| August 27, 2009 | FASAB hosts second joint meeting with GASB |
| September 9, 2009 | FASAB staff holds roundtable on reporting by federal entities that primarily apply standards issued by the Financial Accounting Standards Board |
| September 22, 2009 | FASAB staff issues Technical Bulletin 2009-1, Deferral of the Effective Date of Technical Bulletin 2006-1, Recognition and Measurement of Asbestos-Related Cleanup Costs |
| September 28, 2009 | FASAB issues SFFAS 36, Reporting Comprehensive Long-Term Fiscal Projections for the U.S. Government |
| September 30, 2009 | CBO ends representation on the board due to resource constraints |
| October 14, 2009 | FASAB issues SFFAS 35, Estimating the Historical Cost of General Property, Plant, and Equipment—Amending Statements of Federal Financial Accounting Standards 6 and 23 |
| December 3, 2009 | FASAB sponsors revise the MOU to provide for the recent departure of CBO and alter the voting requirements to a two-thirds majority to approve standards and concepts |
| April 5, 2010 | FASAB Issues SFFAS 37, Social Insurance: Additional Requirements for Management’s Discussion and Analysis and Basic Financial Statements |
| April 13, 2010 | FASAB issues SFFAS 38, Accounting for Federal Oil and Gas Resources |
| April 14, 2010 | FASAB establishes Reporting Model Task Force |
| May 23, 2010 | AICPA Council unanimously votes to continue FASAB’s status as a Rule 203 standards-setting authority |
| June 2, 2010 | AAPC Issues Technical Release 10: Implementation Guidance on Asbestos Cleanup Costs Associated with Facilities and Installed Equipment, and Technical Release 11: Implementation Guidance on Cleanup Costs Associated with Equipment |
| June 24, 2010 | FASAB goes to Norwalk, CT to attend third joint meeting with GASB |
| August 4, 2010 | FASAB issues SFFAS 39, Subsequent Events: Codification of Accounting and Financial Reporting Standards Contained in the AICPA Statements on Auditing Standards |
| August 4, 2010 | AAPC issues Technical Release 12, Accrual Estimates for Grant Programs |
| December 22, 2010 | Reporting Model Task Force issues Report to the FASAB containing recommendations for enhancing the federal reporting model |
| February 16, 2011 | Tom Allen, Chairman, FASAB, testifies before the House Committee on Oversight and Government Reform Subcommittee on Government Organization, Efficiency and Financial Management regarding recommendations in the December 22, 2010 Reporting Model Task Force Report |
| March 14, 2011 | FASAB issues its first annual report |
| March 31, 2011 | FASAB opens a Twitter account |
| May 11, 2011 | FASAB issues SFFAS 40, Definitional Changes Related to Deferred Maintenance and Repairs: Amending Statement of Federal Financial Accounting Standards 6, Accounting for Property, Plant, and Equipment |
| May 19, 2011 | AAPC issues a Management’s Discussion and Analysis Best Practices Report |
| June 1, 2011 | AAPC issues Technical Release 13, Implementation Guide for Estimating the Historical Cost of General Property, Plant & Equipment |
| June 17, 2011 | FASAB launches updated Web site |
| July 6, 2011 | FASAB Staff Issues Technical Bulletin 2011-1, Accounting for Federal Natural Resources Other Than Oil and Gas, and SFFAS 41, Deferral of the Effective Date of SFFAS 38, Accounting for Federal Oil and Gas Resources |
| July 7, 2011 | AAPC Issues a Research Report on Records Retention Timeframes for Property, Plant, & Equipment |
| August 16, 2011 | FASAB Issues SFFAC 7, Measurement of the Elements of Accrual-Basis Financial Statements in Periods After Initial Recording |
| September 22, 2011 | FASAB Staff Issues Technical Bulletin 2011-2, Extended Deferral of the Effective Date of Technical Bulletin 2006-1, Recognition and Measurement of Asbestos-Related Cleanup Costs |
| October 6, 2011 | AAPC Issues Technical Release 14, Implementation Guidance on the Accounting for the Disposal of General Property, Plant & Equipment |
| November 15, 2011 | FASAB issues its second annual report |
| January 11, 2012 | FASAB issues its first Report to Stakeholders: FASAB Three-Year Plan |
| April 25, 2012 | FASAB Issues SFFAS 42, Deferred Maintenance and Repairs, Amending Statements of Federal Financial Accounting Standards 6, 14, 29 and 32 |
| June 1, 2012 | FASAB Issues SFFAS 43, Funds from Dedicated Collection, Amending Statement of Federal Financial Accounting Standards 27, Identifying and Reporting Earmarked Funds |
| July 19,2012 | FASAB updates its Mission Statement |
| November 15, 2012 | FASAB Issues its Annual Report and Three-Year Plan |
| January 3, 2013 | FASAB Issues SFFAS 44, Accounting for Impairment of General Property, Plant, and Equipment Remaining in Use |
| July 8, 2013 | FASAB Issues SFFAS 45, Deferral of the Transition to Basic Information for Long-Term Projections |
| December 16, 2013 | FASAB Issues its Annual Report and Three-Year Plan |
| April 30, 2014 | Requests Comments on Deferral of the Transition of Long-Term Projections to Basic Information |
| July 11, 2014 | Michael Granof and D. Scott Showalter Appointed to Second Terms |
| October 1, 2014 | Requests Comments on Public-Private Partnerships: Disclosure Requirements |
| October 17, 2014 | Issues SFFAS 46, Deferral of the Transition to Basic Information for Long-Term Projections |
| November 17, 2014 | FASAB Issues its Annual Report and Three-Year Plan |
| December 23, 2014 | Issues SFFAS 47, Reporting Entity |
| June 2, 2015 | Requests comments on Opening Balances for Inventory, Operating Materials and Supplies, and Stockpile Materials |
| July 21, 2015 | D. Scott Showalter Appointed to Chair the Board Effective January 1, 2016 |
| July 22, 2015 | Gila Bronner and George Scott Appointed to the FASAB Effective January 1, 2016 |
| September 16, 2015 | Requests comments on Implementation Guidance for Internal Use Software |
| November 16, 2015 | Issues Annual Report and Three-Year Plan |
| December 22, 2015 | Requests comments on Opening Balances for General PP&E |
| December 30, 2015 | Requests comments on standards for Insurance Programs |
| January 19, 2016 | AAPC issues Statement of Federal Financial Accounting Technical Release 16, Implementation Guidance for Internal Use Software |
| January 27, 2016 | FASAB issues Statement of Federal Financial Accounting Standards 48, Opening Balances for Inventory, Operating Materials and Supplies, and Stockpile Materials |
| March 17, 2016 | FASAB launches updated website |
| April 27, 2016 | FASAB issues Statement of Federal Financial Accounting Standards 49, Public-Private Partnerships: Disclosure Requirements |
| June 2, 2016 | FASAB requests comments on exposure draft, Tax Expenditures: Management’s Discussion and Analysis and Disclosure Requirements |
| August 4, 2016 | FASAB issues Statement of Federal Financial Accounting Standards 50, Establishing Opening Balances for General Property, Plant, and Equipment: Amending Statement of Federal Financial Accounting Standards (SFFAS) 6, SFFAS 10, SFFAS 23, and Rescinding SFFAS 35 |
| September 26, 2016 | FASAB requests comments on exposure draft, Leases: An Amendment of SFFAS 5, Accounting for Liabilities of the Federal Government and SFFAS 6, Accounting for Property, Plant, and Equipment |
| September 29, 2016 | FASAB requests comments on exposure draft, Federal Financial Reporting |
| October 17, 2016 | Patrick McNamee appointed to FASAB effective January 1, 2017 |
| November 15, 2016 | FASAB issues Annual Report and Three-Year Plan |
| November 22, 2016 | AAPC requests comments on exposure draft, Conforming Amendments to Technical Releases for SFFAS 50, Establishing Opening Balances for General Property, Plant, and Equipment |
| November 28, 2016 | FASAB releases survey on priorities for the future |
| November 28, 2016 | FASAB releases survey on reporting model and performance reporting projects |
| December 8, 2016 | AAPC requests input identifying SFFAS 50 implementation issues |
| December 21, 2016 | FASAB requests comments on exposure draft, Budget and Accrual Reconciliation |
| January 18, 2017 | FASAB Issues Statement of Federal Financial Accounting Standards 51, Insurance Programs |
| April 10, 2017 | AAPC Issues Statement of Federal Financial Accounting Technical Release 17: Conforming Amendments to Technical Releases for SFFAS 50, Establishing Opening Balances for General Property, Plant, and Equipment |
| May 17, 2017 | Graylin Smith Reappointed to FASAB |
| May 31, 2017 | FASAB Issues Statement of Federal Financial Accounting Standards 52, Tax Expenditures |
| June 21, 2017 | AAPC requests comments on exposure draft, Implementation Guidance for Establishing Opening Balances |
| September 1, 2017 | FASAB issues an exposure draft to revise inter-entity cost provisions |
| September 5, 2017 | FASAB staff exposes draft Technical Bulletin 2017-1, Intragovernmental Exchange Transactions |
| September 12, 2017 | FASAB staff exposes draft Technical Bulletin 2017-2, Assigning Assets to Component Reporting Entities |
| September 22, 2017 | FASAB issues Statement of Federal Financial Accounting Concepts 8, Federal Financial Reporting |
| October 2, 2017 | AAPC Issues Technical Release 18, Implementation Guidance for Establishing Opening Balances |
| October 27, 2017 | FASAB Issues Statement of Federal Financial Accounting Standards 53, Budget and Accrual Reconciliation |
| November 1, 2017 | FASAB Staff Issues Technical Bulletin 2017-1, Intragovernmental Exchange Transactions |
| November 1, 2017 | FASAB Staff Issues Technical Bulletin 2017-2, Assigning Assets to Component Reporting Entities |
| November 15, 2017 | FASAB Issues its Annual Report and Three-Year Plan |
| December 14, 2017 | FASAB Issues Exposure Draft Classified Activities |
| April 17, 2018 | FASAB Issues Statement of Federal Financial Accounting Standards 54, Leases: An Amendment of SFFAS 5, Accounting for Liabilities of the Federal Government and SFFAS 6, Accounting for Property, Plant, and Equipment |
| April 30, 2018 | FASAB Issues Exposure Draft Accounting and Reporting of Government Land |
| May 14, 2018 | FASAB Staff Releases Proposed Staff Implementation Guidance 6.1, Clarification of Paragraphs 40-41 of SFFAS 6, Accounting for Property, Plant, and Equipment, as amended |
| May 31, 2018 | FASAB Issues Statement of Federal Financial Accounting Standards 55, Amending Inter-entity Cost Provisions |
| July 12, 2018 | FASAB Issues Exposure Draft Interpretation of Federal Financial Accounting Standards 56: Classified Activities |
| July 17, 2018 | FASAB Staff Issues Staff Implementation Guidance 6.1, Clarification of Paragraphs 40-41 of SFFAS 6, Accounting for Property, Plant, and Equipment, as amended |
| August 21, 2018 | AAPC Releases an Exposure Draft Technical Release: Rescission of Technical Release 8 |
| August 22, 2018 | Clarification of Federal Lease Standards |
| October 4, 2018 | FASAB Issues Statement of Federal Financial Accounting Standards 56, Classified Activities |
| October 15, 2018 | FASAB Issues Exposure Draft Materiality |
| October 17, 2018 | FASAB Issues an Exposure Draft Interpretation, Guidance on Recognizing Liabilities Involving Multiple Component Reporting Entities |
| November 15, 2018 | FASAB Issues its Annual Report and Three-Year Plan |
| December 20, 2018 | George Scott Appointed to FASAB Chair |
| December 20, 2018 | Sallyanne Harper and Terry Patton Appointed to FASAB |
| January 15, 2019 | AAPC Issues Technical Release 19, Rescission of Technical Release 8 |
| February 14, 2019 | AAPC Issues Exposure Draft Technical Release: Conforming Amendments to Technical Releases for SFFAS 54, Leases: An Amendment of SFFAS 5, Accounting for Liabilities of the Federal Government and SFFAS 6, Accounting for Property, Plant, and Equipment |
| February 22, 2019 | FASAB Issues Exposure Draft Omnibus Amendments: Rescinding Statement of Federal Financial Accounting Standards (SFFAS) 8 and Amending SFFAS 5,6, and 49 |
| March 15, 2019 | FASAB Issues Interpretation of Federal Financial Accounting Standards 8: An Interpretation of SFFAS 56, Classified Activities |
| March 31, 2019 | Monica Valentine becomes the third FASAB Executive Director. |
| April 30, 2019 | Executive Director Wendy Payne retires. |
| August 1, 2019 | AAPC Seeks Volunteers for Task Force on Leases Implementation |
| August 16, 2019 | FASAB Issues Interpretation of Federal Financial Accounting Standards 9, Cleanup Cost Liabilities Involving Multiple Component Reporting Entities: An Interpretation of SFFAS 5 & SFFAS 6 |
| August 30, 2019 | FASAB Staff Exposes Draft Technical Bulletin 2019-1, Loss Allowance for Intragovernmental Receivables |
| September 27, 2019 | FASAB Issues Statement of Federal Financial Accounting Standards 57, Omnibus Amendments 2019 |
| November 19, 2019 | FASAB Issues its Annual Report and Three-Year Plan |
| December 18, 2019 | FASAB Issues Exposure Draft: Deferral of the Effective Date of SFFAS 54, Leases |
| February 20, 2020 | FASAB Staff Issues Technical Bulletin 2020-1, Loss Allowance for Intragovernmental Receivables |
| April 9, 2020 | FASAB’s Response to COVID-19 |
| May 4, 2020 | FASAB Issues Statement of Federal Financial Accounting Concepts 9, Materiality |
| June 19, 2020 | FASAB Issues Statement of Federal Financial Accounting Standards 58, Deferral of the Effective Date of SFFAS 54, Leases |
| October 29, 2020 | FASAB Issues an Exposure Draft Interpretation, Clarification of Non-federal Non-entity FBWT Classification (SFFAS 1, Paragraph 31): An Interpretation of SFFAS 1 and SFFAS 31 |
| November 2, 2020 | FASAB Issues Exposure Draft, Implementation Guidance for Leases & Omnibus Amendments to Leases-Related Topics: A Joint Exposure Draft |
| November 20, 2020 | FASAB Issues its Annual Report & Three-Year Plan |
| January 12, 2021 | FASAB Seeks Volunteers for Task Force on Intangible Assets Research |
| March 4, 2021 | George Scott Reappointed as FASAB Chair Gila Bronner Reappointed to Second Term |
| March 5, 2021 | FASAB Seeks Candidates to Fill Board Member Vacancy |
| March 19, 2021 | FASAB and National Defense University Establish a Memorandum of Agreement. |
| May 10, 2021 | FASAB Issues Interpretation of Federal Financial Accounting Standards 10, Clarification of Non-federal Non-entity FBWT Classification (SFFAS 1, Paragraph 31): An Interpretation of SFFAS 1 and SFFAS 31 |
| May 25, 2021 | FASAB Issues an Exposure Draft Interpretation, Debt Cancellation: An Interpretation of SFFAS 7, Paragraph 313 |
| July 30, 2021 | FASAB Issues Statement of Federal Financial Accounting Standards 59, Accounting and Reporting of Government Land |
| November 4, 2021 | FASAB Issues Statement 60 and Technical Release 20 on Leases |
| November 15, 2021 | FASAB Issues its Annual Report & Three-Year Plan |
| November 29, 2021 | FASAB Issues Interpretation of Federal Financial Accounting Standards 11, Debt Cancellation: An Interpretation of SFFAS 7, Paragraph 313 |
| December 13, 2021 | Patrick McNamee Reappointed to FASAB |
| December 17, 2021 | Raymond Vicks Appointed to FASAB |
| March 30, 2022 | AAPC Releases an Exposure Draft Technical Release, Omnibus Technical Release Amendments 2022: Conforming Amendments |
| May 9, 2022 | FASAB Issues Exposure Draft, Omnibus Amendments: Technical Clarifications Addressing Lessee and Lessor Discount Rates and Sale-leasebacks |
| July 21, 2022 | FASAB Seeks Volunteers for Task Force on Climate-Related Financial Reporting |
| September 6, 2022 | AAPC Issues Technical Release 21, Omnibus Technical Release Amendments 2022: Conforming Amendments |
| September 19, 2022 | FASAB Staff Expose Technical Bulletin, Intragovernmental Leasehold Reimbursable Work Agreements, For Public Comment |
| Nov 15, 2022 | FASAB Issues its Annual Report and Three-Year Plan |
| March 17, 2023 | FASAB Staff Issues Technical Bulletin 2023-1, Intragovernmental Leasehold Reimbursable Work Agreements |
| April 7, 2023 | FASAB Issues Statement 61: Omnibus Amendments 2023, Leases-Related Topics II |
| May 15, 2023 | FASAB Issues an Invitation to Comment, Reexamination of Existing Standards |
| May 30, 2023 | AAPC Releases an Exposure Draft Technical Release: Leases Implementation Guidance Updates |