Documents/FASAB2

Our Mission

Strategic_Plan

Publication: 2012-07-19

Source: http://www.fasab.gov/about/mission-objectives/

Submitter:

Name:Owen Ambur

Email:Owen.Ambur@verizon.net

Organization:

Name:Federal Accounting Standards Advisory Board

Acronym:FASAB

Description:
The Mission Supports Public Accountability -- Financial reports, which include financial statements prepared in conformity with generally accepted accounting principles, are essential for public accountability and for an efficient and effective functioning of our democratic system of government. Thus, the Board plays a major role in fulfilling the government’s responsibility to be publicly accountable. Federal financial reports should be useful in assessing (1) the government’s accountability and its efficiency and effectiveness, and (2) the economic, political, and social consequences, whether positive or negative, of the allocation and various uses of federal resources.