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Are the rules by FASAB considered GAAP at this point? If so, are FASAB standards requirements for state/local, for-profit, or non-profit? Which of the following
Are the rules by FASAB considered GAAP at this point? If so, are FASAB standards requirements for state/local, for-profit, or non-profit? Which of the following are examples of rules created by FASAB?
1. Yes, GAAP at this point, and for State & Local entities, SFFAS
2. No, Not GAAP, ASU
3. Yes, GAAP at this point, and for federal entities (not the state/local, for-profit or non-profit, ASU
4. Yes, GAAP at this point, and for federal entities (not the state/local, for-profit or non-profit, SFFAS
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