[Federal Register Volume 67, Number 60 (Thursday, March 28, 2002)]
[Notices]
[Page 14951]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-7434]


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FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD


Reports and Guidance Documents

AGENCY: Federal Accounting Standards Advisory Board

ACTION:  Notice of New Exposure Drafts Target Audience and Qualitative 
Characteristics for the Consolidated Financial Report of the United 
States Government, and Selected Standards for the Consolidated 
Financial Report of the United States Government.

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    Board Action: Pursuant to the Federal Advisory Committee Act (Pub. 
L. 92-463), as amended, and the FASAB Rules of Procedure, as amended in 
October, 1999, notice is hereby given that the Federal Accounting 
Standards Advisory Board has published two new exposure drafts, Target 
Audience and Qualitative Characteristics for the Consolidated Financial 
Report of the United States Government, and Selected Standards for the 
Consolidated Financial Report of the United States Government.
    A summary of the proposed Statement follows: On March 19, 2002, the 
Federal Accounting Standards Advisory Board (FASAB) released for public 
comment an exposure draft (ED), Target Audience and Qualitative 
Characteristics for the Consolidated Financial Report of the United 
States Government, that proposes the concept that the primary target 
audience of the CFR is external users represented by citizens and their 
intermediaries. The second exposure draft (ED), Selected Standards for 
the Consolidated Financial Report of the United States Government, 
proposes standards on applying FASAB standards to the CFR, exempting 
the CFR from the requirement for the Statement of Budgetary Resources 
and the Statement of Financing, and requiring two new statements for 
the CFR.
    The exposure drafts will soon be mailed to FASAB's mailing list of 
subscribers. Additionally, it is available on FASAB's home page http://www.fasab.gov. Copies can be obtained by contacting FASAB at (202) 512-
7350, or [email protected] or [email protected]. Respondents are 
encouraged to comment on any part of the exposure draft. Written 
comments are requested by June 30, 2002, and should be sent to: Wendy 
M. Comes, Executive Director, Federal Accounting Standards Advisory 
Board, 441 G Street, NW., Suite 6814, Mail Stop 6K17V, Washington, DC 
20548.

FOR FURTHER INFORMATION CONTACT: Wendy M. Comes, Executive Director, 
441 G Street, NW., Suite 6814, Washington, DC 20548, or call (202) 512-
7350.

    Authority: Federal Advisory Committee Act. Pub. L. No. 92-463.

    Dated: March 25, 2002.
Wendy M. Comes,
Executive Director.
[FR Doc. 02-7434 Filed 3-27-02; 8:45 am]
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