The Financial Accounting Standards Advisory Board's standards do not apply to the federal Department of Treasury.

Name: The Financial Accounting Standards Advisory Board's standards do not apply to the federal Department of Treasury.
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Question

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The Financial Accounting Standards Advisory Board's standards do apply to the federal Department of Treasury, as it is a government entity and is required to follow Generally Accepted Accounting Principles (GAAP) established by the board.

The Financial Accounting Standards Advisory Board's Standards Do Not Apply