FASAB: Amending SFFAS No. 7, Accounting for Revenue and Other Financing Sources; Reporting Corrections of Errors and Changes in Accounting Principles
Published: Oct 01, 2001. Publicly Released: Oct 01, 2001.
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Highlights
GAO provided information on the Federal Accounting Standards Advisory Board's statement of federal financial accounting standards (SFFAS). The statement presents amendments to SFFAS No. 7 and provides provisions that apply to entities collecting taxes on behalf on the federal government.