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Federal Funding Accountability and Transparency Act of 2006 as enacted in the US Statutes at Large; S.2590 on Congress.gov; WashingtonWatch.com – P.L. 109–282, The Federal Funding Accountability and Transparency Act of 2006 Archived 2008-12-04 at the Wayback Machine information on the bill, including estimated cost per person
The bill required the Director to review the information required to be reported by recipients of federal awards to identify: (1) common reporting elements across the federal government, (2) unnecessary duplication in financial reporting, and (3) unnecessarily burdensome reporting requirements for recipients of federal awards. [6]
The American Institute of Certified Public Accountants (AICPA) wrote a letter supporting provisions of the DATA Act that would amend the Federal Funding Accountability and Transparency Act of 2006. They believe the act "appropriately specifies a financial data reporting standard that Federal agencies can implement using a currently available ...
But small business advocates say the reporting requirements are too onerous. The rule has long been in legal limbo. On Thursday, the Supreme Court lifted an injunction related to a case over the act .
The reporting rule is the CTA's Beneficial Ownership Information reporting requirement, or BOI, which mandates small businesses to register the following with FinCEN, according to the U.S. Chamber ...
To provide for the elimination or modification of Federal reporting requirements Pub. L. 113–188 (text) 113-189: November 26, 2014 (No short title) To designate the facility of the United States Postal Service located at 35 Park Street in Danville, Vermont, as the "Thaddeus Stevens Post Office" Pub. L. 113–189 (text) 113-190
The solution www.FederalReporting.gov is the web site that recipients will access in order to fulfill their reporting obligations as defined by Section 1512 of the Recovery Act and by this Guidance. The www.FederalReporting.gov solution will provide recipients and federal agencies with the ability to:
The Federal Accounting Standards Advisory Board (FASAB) is a United States federal advisory committee whose mission is to improve federal financial reporting through issuing federal financial accounting standards and providing guidance after considering the needs of external and internal users of federal financial information. [3]