Which entity advises on Federal accounting standards?

The Federal Accounting Standards Advisory Board (FASAB) is the correct entity that advises on federal accounting standards. FASAB plays a crucial role in developing and recommending accounting standards for federal entities, ensuring that the financial information reported by these entities is both reliable and useful for decision-making purposes. This advisory board works towards creating a consistent framework for financial statement presentation and reporting, reflective of the needs of federal financial management and the unique nature of governmental operations. By providing guidance on standards, FASAB helps to improve accountability and transparency in government financial reporting, which is essential for public trust and effective governance.

Other entities listed do not hold the responsibility for advising on federal accounting standards; hence they are not relevant in this context.