GASB issued a new implementation guide that includes questions and answers related to recently released GASB standards on accounting and financial reporting for fiduciary activities.
The guidance is designed to improve accounting and financial reporting for public-private and public-public partnership arrangements. Comments on the proposal were requested by Sept. 13.
GASB issued an implementation guide that is designed to assist state and local government financial reporting personnel as they adopt and apply certain GASB statements.
Wesley Bricker is leaving the SEC after serving as its chief accountant since 2016, the commission announced. Sagar Teotia, deputy chief accountant, will serve as acting chief accountant after Bricker departs in June.
GASB proposed guidance for state and local government accounting for subscription-based information technology arrangements.
A new implementation guide issued by the Governmental Accounting Standards Board can assist state and local governments as they adopt certain GASB statements.
GASB issued a proposed implementation guide that is designed to help state and local governments understand the board's new standard on lease accounting.
References to leases in three statements would change.
Revised rules published in July 2018 by the U.S. Government Accountability Office clarify the need for safeguards for practitioners when performing preparation of accounting records and financial statement services.
FASAB has proposed eliminating the required supplementary stewardship information (RSSI) category and updating references to leases in multiple places in its accounting standards for federal government entities.
GASB issued a proposed implementation guide that is designed to help state and local governments understand the board’s new standard on lease accounting.
Q&As would address application of many topics.
GASB published a proposed implementation guide that provides questions and answers about the board’s new standards for state and local government accounting and financial reporting for fiduciary activities.
The aim is to make financial reporting more useful for decision-making.
GASB issued a proposal that would provide implementation guidance for certain state and local government accounting standards.
Deborah Loveless and Kathryn Belfi receive awards.
Lease accounting rules for federal entities also were clarified.
The statement divides interests into investments and component units.
The Federal Accounting Standards Advisory Board (FASAB) is asking for public comment on a proposal to clarify the implementation of materiality concepts in the issuance of federal financial statements.
Variation in practice was a concern under existing rules.