FASAB: Amending SFFAS 7, Elimination of Certain Disclosures Related to Tax Revenue Transactions by the Internal Revenue Service, Customs, & Others.
GAO provided information on the Federal Accounting Standards Advisory Board's statement of federal financial accounting standards (SFFAS). The statement presents amendments to SFFAS No. 7 and provides provisions that apply to entities collecting taxes on behalf on the federal government.
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