Approval of the Statement of Accounting Principles and Standards for the Operations of the Civil Aeronautics Board

FGMSD-77-53: Published: Jul 20, 1977. Publicly Released: Jul 20, 1977.

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The Statement of Accounting Principles and Standards for the operations of the Civil Aeronautics Board (CAB), submitted formally in July 1977, is adequate and in conformity with GAO prescribed accounting principles and standards for federal agencies and is approved. In order to maintain the approved status of the Statement of Accounting Principles and Standards, planned changes should be discussed with GAO representatives and, if deemed significant, submitted formally for approval. Representatives of GAO will continue to cooperate with CAB in developing accounting system designs covered by these approved principles and standards.

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