[Federal Register Volume 63, Number 216 (Monday, November 9, 1998)]
[Notices]
[Pages 60350-60351]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-29946]


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GENERAL ACCOUNTING OFFICE


Federal Accounting Standards Advisory Board; Publication of 
Exposure Drafts

SUMMARY: The Federal Accounting Standards Advisory Board (FASAB) 
announces the publication of the following three Exposure Drafts of 
proposed Statements of Federal Financial Accounting Standards and 
solicits comments on them:
     Standards For Management's Discussion and Analysis, 
October 1, 1998. Written comments to the Board are requested by January 
4, 1999. The Office of Management and Budget expects to use these 
concepts and standards for MD&A in revising its guidance on the 
``Overview'' section of financial reports.
     Concepts For Management's Discussion and Analysis, October 
1, 1998. Written comments to the Board are requested by January 4, 
1999. The Office of Management and Budget expects to use these concepts 
and standards for MD&A in revising its

[[Page 60351]]

guidance on the ``Overview'' section of financial reports.
     Recognition Of Contingent Liabilities Arising From 
Litigation: An Amendment of SFFAS 5, Accounting For Liabilities Of The 
Federal Government. Written comments to the Board are requested by 
November 30, 1998. This Exposure Draft contains proposed standards that 
address accounting for loss contingencies involving specific cases of 
pending or potential litigation.
    Interested parties are encouraged to comment on any issues related 
to these three documents. The text of the documents can be viewed 
through the electronic Financenet on the FASAB Home Page 
www.financenet.gov/fasab.htm. Hard copies may be obtained from FASAB, 
441 G St., NW, Suite 3B18, Washington, DC 20548. Telephone: 202-512-
7350.

FOR FURTHER INFORMATION CONTACT:
Wendy Comes, Executive Director, 441 G St., NW., Room 3B18, Washington, 
DC 20548, or call (202) 512-7350.

    Authority: Federal Advisory Committee Act. Pub. L. 92-463, sec. 
10(a)(2), 86 Stat. 770, 774 (1972) (current version at 5 U.S.C. app. 
section 10(a)(2) (1988); 41 CFR 101-6.1015 (1990).

    Dated: November 4, 1998.
Wendy M. Comes,
Executive Director.
[FR Doc. 98-29946 Filed 11-6-98; 8:45 am]
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