FASAB GAAP Hierarchy Working Group
For questions about this project or working group activities, email gaaphierarchy@fasab.gov.
Working Group Objectives
As part of the Federal GAAP Hierarchy reexamination project, a working group was established to assist with the project. The working group will provide an effective forum to discuss the GAAP issues, alternatives, and recommendations while also ensuring that the participants possess the required expertise in this area. The FASAB GAAP Hierarchy Working Group roster includes representatives from each of the sponsors, financial management CFO community, audit community, and affiliated associations. The working group will assist the Board as it considers ways to improve, simplify, clarify, and streamline the federal GAAP hierarchy to ensure it is effective.
Working Group History
June 3, 2025
The first working group meeting was held June 3, 2025. Considering it was the first meeting, the meeting primarily focused on background information and objectives of the project.