Go the FASAB Website, located at www.FASAB.gov. Navigate to the "Our Mission" section under the "About" tab, the minutes of recent meetings from the "Board Activities" tab, and the current "Standards" section.
a) What is the make-up and selection process of the Board that disseminates federal accounting standards?
b) Why is it necessary to have separate accounting standards for the U.S. Federal Government in contrast to state and local governments?
c) What government agency is responsible for compiling the U.S. Federal Government financial reports and the agency responsible for auditing the reports?