During its initial years of operation, FASAB developed a core set of accounting standards and concepts statements. Now, after more than a dozen years of substantial progress, the Board believes that it is time to revisit the concepts given the changes in the federal financial reporting environmental since the fist concepts statement was issued.
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During its initial years of operation, FASAB developed a core set of accounting standards and concepts statements. Now, after more than a dozen years of substantial progress, the Board believes that it is time to revisit the concepts given the changes in the federal financial reporting environmental since the fist concepts statement was issued.
Read Less
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