Accounting and Auditing Policy Committee
Welcome to the homepage of the Accounting and Auditing Policy Committee. The Accounting and Auditing Policy Committee is a permanent committee established by the Federal Accounting Standards Advisory Board. The mission of the AAPC is to assist the Federal government in improving financial reporting through the timely identification, discussion, and recommendation of solutions to accounting and auditing issues within the framework of existing authoritative literature.
Frequently Asked Questions
How can I submit an issue to the AAPC for consideration?
Matters may be referred to the AAPC by its members, OMB, GAO, Treasury, FASAB Board members, federal agency CFOs or Deputy CFOs, IGs, or other interested parties (e.g., Independent Public Auditors).
Issues for submission should be addressed to the AAPC Chairperson, must be in writing and clearly describe the issue requiring attention. The submission should reference relevant accounting or auditing literature, indicate what options have been considered for resolving the issue, and discuss relevant considerations and alternative views, if any. If applicable, current or past practice(s) should be described. In addition, the submission should discuss, to the extent practicable and relevant, which Federal entities would be faced with similar issues, and any practices currently being applied by entities other than the referring entity.
