Preparing and Auditing Direct Loan and Loan Guarantee Subsidies Under the Federal Credit Reform Act

Summary

The Federal Accounting Standards Advisory Board has cleared the third Financial Accounting and Auditing Technical Release, which outlines the process for preparing and auditing direct loan and loan guarantee subsidies under the Federal Credit Reform Act. The technical release is available on Financenet at http://www.financenet.gov/financenet/fed/aapc/technical.htm.