Independent, non-partisan agency which assists Congress in investigating and reporting on government’s effectiveness in using public funds. Uniform minimum standards of and guidelines to financial accounting and reporting. Currently, the Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB) and the Federal Accounting Standards Advisory are authorized to establish these principles. Standards governing the conduct of external audits by CPAs, as determined by the Auditing Standards Board (ASB) of the AICPA. This is a tax on estate tax transfers, generally through trusts that are intended to avoid estate taxes. There is a $1 million.
