Federal GAAP hierarchy; Statement on auditing standards, 091

Authors

American Institute of Certified Public Accountants. Auditing Standards Executive Committee

Files

Description

In October 1999, AICPA Council passed a resolution recognizing the Federal Accounting Standards Advisory Board (FASAB) as the body designated to establish generally accepted accounting principles (GAAP) for federal governmental entities under Rule 203, Accounting Principles, of the AICPA's Code of Professional Conduct. This amendment adds the following two new paragraphs to Statement on Auditing Standards (SAS) No. 69, The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles in the Independent Auditor's Report, to establish a hierarchy of accounting principles for federal governmental entities.

Publication Date

2000

Relational Format

pamphlet

Publisher

American Institute of Certified Public Accountants

Keywords

Auditing -- Standards -- United States; Administrative agencies -- Accounting -- Standards -- United States; Finance, Public -- Accounting -- Standards -- United States

Disciplines

Accounting | Taxation

Recommended Citation

American Institute of Certified Public Accountants. Auditing Standards Executive Committee, "Federal GAAP hierarchy; Statement on auditing standards, 091" (2000). Statements on Auditing Standards. 98.
https://egrove.olemiss.edu/aicpa_sas/98