GASB proposes new implementation guidance

By Kevin Brewer

GASB issued proposed implementation guidance on Tuesday in the form of questions and answers intended to clarify, explain, or elaborate on certain pronouncements.

The exposure draft, Implementation Guidance Update — 2023, contains proposed new questions and answers that address application of GASB standards on leases, subscription-based information technology arrangements, and accounting changes. The proposal also includes amendments to previously issued implementation guidance on leases.

Comments on the proposed implementation guide will be accepted through Jan. 20. They may be submitted in writing or through an electronic input form.

GASB periodically issues new and updated guidance to assist state and local governments in applying GAAP to specific facts and circumstances that they encounter.

— To comment on this article or to suggest an idea for another article, contact Kevin Brewer at

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