Credit Program Reconciliation and Technical Amendments To Accounting Standards for Direct Loans and Loan Guarantees In Statements of Federal Financial Accounting Standards No.2 and No.18

GAO published an exposure draft for the Federal Accounting Standards Advisory Board (FASAB). In this exposure draft, FASAB proposes the reporting of entities to their financial statements reconciliations between the beginning and ending balances of the subsidy cost allowance for direct loans and loan guarantee liability on a program-by-program basis for major programs, in addition to reconciliation for the entity as a whole.