FASAB Issues Exposure Draft Materiality
(WorldNews Politics)

Federal Accounting Standards Advisory Board FOR MORE INFORMATION: Grace Wu October 15, 2018 (202) 512-7377wug@fasab.gov NEWS RELEASE FASAB Issues Exposure Draft Materiality The Chairman of the Federal Accounting Standards Advisory Board (FASAB), D. Scott Showalter, announced today that the FASAB is seeking input on the proposed Statement of Federal Financial Accounting Concepts (SFFAC) entitled Materiality. To clarify the materiality guidance, the Board is proposing concepts regarding...