FASAB’s Response to COVID-19

The Federal Accounting Standards Advisory Board (FASAB or “the Board”) shares user concerns in light of the Coronavirus Disease 2019 (COVID-19). Our utmost priority is resolving stakeholder difficulties during these unprecedented global conditions. In response to the current global health crisis, the federal government’s direct effect on citizens and businesses will undoubtedly raise some very important financial accounting and reporting questions. We are committed to assisting our users in addressing these questions.

FASAB will continually update this dedicated COVID-19 resource page with the most up-to-date information. For questions or more information, please email fasab@fasab.gov or call (202) 512-7350.

COVID-19 RELATED FASAB UPDATES
Click the links below to get more information on FASAB’s evolving response to COVID-19:

TRAINING

FASAB understands the hardship that our constituents face in trying to maintain professional development training hours during these challenging times. Over the past year, we have developed the following FREE courses for federal agencies: FASAB Accounting Concepts and Standards (8 government CPEs); Federal Accounting for Climate-Related Events (1 government CPE); and Accounting for Internal Use Software (2 government CPEs). As part of our response to COVID-19, we have adapted these courses for a virtual environment. For more information about how these courses can be delivered via webinar, please contact Mr. Domenic N. Savini at (202) 512-6841 or savinid@fasab.gov.

As of June 11, 2020, FASAB staff has given 10 virtual trainings and workshops to 1,373 participants, distributing 4,020 FREE government CPEs.