Regulation & law · 04/12/2020Updated: 10/17/2026 · 1 min read

FASB Requests Comments on Proposed Interpretation of Federal Financial Accounting Standards

The Financial Accounting Standards Board (FASB) has issued an exposure draft proposing an interpretation of Federal Financial Accounting Standards, specifically clarifying the classification of non-federal non-entity financial bodies of work (FBWT) under SFFAS 1 and SFFAS 31.