Relevant OMB Circulars & Accounting Guidance

Office of Management and Budget

OMB Circular A-11

OMB Circular A-129

Office of the Comptroller of the Currency

Guidance on Advanced Approaches GAA 2014-01: Supervisory Guidance for Data, Modeling, and Model Risk Management Under the Operational Risk Advanced Measurement Approaches

Federal Housing Finance Agency

Advisory Bulletin AB 2013-07: Model Risk Management Guidance

Statements of Federal Financial Accounting Standards

• SFFAS #1: Accounting for Selected Assets and Liabilities
• SFFAS #2: Accounting for Direct Loans and Loan Guarantees
• SFFAS #5: Accounting for Liabilities of the Federal Government
• SFFAS #7: Accounting for Revenue and Other Financing Sources and Concepts for Reconciling Budgetary and Financial Accounting
• SFFAS #12: Recognition of Contingent Liabilities Arising from Litigation: An Amendment of SFFAS 5, Accounting for Liabilities of the Federal Government
• SFFAS #18: Amendments to Accounting Standards for Direct Loans and Loan Guarantees in SFFAS No. 2
• SFFAS #19: Technical Amendments to Accounting Standards for Direct Loans and Loan Guarantees in SFFAS No. 2
• SFFAS #20: Elimination of Certain Disclosures Related to Tax Revenue Trasnactions by the Internal Revenue Service, Customs, and Others, Amending SFFAS 7, Accounting for Revenue and Other Financing Sources
• SFFAS #21: Reporting Correction of Errors and Changes in Accounting Principles, Amendment of SFFAS 7, Accounting for Revenue and Other Financing Sources
• SFFAS #22: Change in Certain Requirements for Reconciling Obligations and Net Cost of Operations, Amendment of SFFAS 7, Accounting for Revenue and Other Financing Sources
• SFFAS #24: Selected Standards for the Consolidated Financial Report of the United States Government
• SFFAS #27: Identifying and Reporting Funds from Dedicated Collections
• SFFAS #32: Consolidated Financial Report of the United States Government Requirements: Implementing Statement of Federal Financial Accounting Concepts 4 “Intended Audience and Qualitative Characteristics for the Consolidated Financial Report of the United States Government”
• SFFAS #36: Comprehensive Long-Term Projections for the U.S. Government
• SFFAS #42: Funds from Dedicated Collections: Amending SFFAS 27, Identifying and Reporting Earmarked Funds