[Federal Register Volume 68, Number 139 (Monday, July 21, 2003)]
[Notices]
[Page 43108]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-18424]


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FEDERAL ACCOUNTING STANDARDS BOARD


Notice of Issuance of Statement of Federal Financial Accounting 
Standards (SFFAS) No. 25

AGENCY: Federal Accounting Standards Advisory Board.
    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 issued Statement of Federal Financial 
Accounting Standards (SFFAS) No. 25, Reclassification of Stewardship 
Responsibilities and Eliminating the Current Services Assessment.
    The Board approved the Statement in April 2003, and submitted it to 
FASAB principals for 90-day review, the review period closed on July 
17, 2003.
    SFFAS No. 25 changes the classification of information about 
stewardship responsibilities required by SFFAS 5 and 17. Information 
about ``risk assumedrdquo; will become required supplementary 
information (RSI). The Statement of Social Insurance will become a 
basic financial statement. Other information about social insurance 
required by SFFAS 17 will be reported as RSI or in a footnote. SFFAS 25 
also eliminates the requirement to present certain information about 
stewardship responsibilities, known as the ``current services 
assessment,'' previously required by SFFAS 8.
    The standards prescribed in SFFAS No. 25 are effective for periods 
beginning after September 30, 2003. Hard copies of the statement will 
be mailed to the FASAB mailing list. It is also available on the FASAB 
Web site at www.fasab.gov or by calling 202-512-7350.

FOR FURTHER INFORMATION, CONTACT: Wendy Comes, Executive Director, 441 
G St., NW., Mail Stop 6K17V, Washington, DC 20548, or call 202-512-
7350.

    Authority: Federal Advisory Committee Act. Pub. L. 92-463.

    Dated: July 17, 2003.
Wendy M. Comes,
Executive Director.
[FR Doc. 03-18424 Filed 7-18-03; 8:45 am]
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