Federal Accounting Standards Advisory Board

The Federal Accounting Standards Advisory Board (FASAB) is a group that develops and recommends accounting rules for the U.S. federal government. Its goal is to ensure consistency, transparency, and accuracy in financial reporting across government agencies. These standards help officials, policymakers, and the public understand the government’s financial condition and how taxpayer dollars are spent. FASAB's work promotes accountability and comparability in federal financial information, ultimately supporting informed decision-making and oversight.