GASB has issued a proposed implementation guide that contains questions and answers that are designed to clarify, explain, or elaborate on recently issued standards for state and local government financial reporting.
The proposed guide, released Wednesday, focuses on questions related to GASB’s standards on pensions, retiree health care benefits, and fair value reporting.
The exposure draft of the implementation guide also addresses a variety of practice issues that have been brought to GASB’s attention.
GASB is seeking comments on the ED through Nov. 30.
—Ken Tysiac (email@example.com) is a JofA editorial director.