15 May 2025
📊FASAB Requests Information on Reporting Entity Accounting Issues
Notice of Request for Information and Comment on Emerging Reporting Entity Reorganization and Abolishment Accounting Issues
Summary
Notice is hereby given that Federal Accounting Standards Advisory Board (FASAB) staff issued a request for information and comment on emerging accounting issues and questions related to reporting entity reorganizations and abolishments.
Agencies
- Federal Accounting Standards Advisory Board
Business Impact
$$ - Med
The notice regarding the request for information on accounting issues related to reporting entity reorganizations and abolishments has direct implications for business owners and executives. Compliance with emerging federal accounting standards is essential, and practitioner input will influence future regulations. Timely response is critical as these changes may impact financial reporting and business operations related to asset and liability transfers.