8 Jul 2025
📊Notice of Public Comment on SFFAS 59 Exposure Draft
Notice of Request for Comment on an Exposure Draft Titled Technical Clarifications: Statement of Federal Financial Accounting Standards 59, Accounting and Reporting of Government Land
Summary
Notice is hereby given that the Federal Accounting Standards Advisory Board (FASAB) staff has released for public comment an exposure draft of a proposed Technical Bulletin titled Technical Clarifications: SFFAS 59, Accounting and Reporting of Government Land. Respondents are encouraged to comment on any part of the exposure draft.
Agencies
- Federal Accounting Standards Advisory Board
Business Impact
$$ - Med
The exposure draft relates to financial accounting standards, which can directly affect how businesses report on government land assets. Comments from businesses could lead to changes in regulatory compliance requirements, impacting financial reporting practices.