The proposed standard is intended to improve transparency for users.
Here’s how to book a fairly stated liability under new GASB standards.
The change is meant to ensure federal government accountability.
The Federal Accounting Standards Advisory Board proposed a standard with the intention of providing the public more information about the U.S. government’s tax expenditures.
The new guidance clarifies the board's requirements.
A new implementation guide clarifies practice issues.
Federal agencies will be required to present disclosures about public-private partnerships in their general-purpose financial statements under new guidance issued by the FASAB.
GASB issued guidance to address practice issues encountered during implementation of its new pension accounting rules for state and local governments.
GASB proposes a principle for reporting.
The benefits of providing audit services to NFP and government organizations are numerous yet may present unforeseen professional liability risks.
The new statement clarifies display requirements.
GASB issued recognition and measurement guidance that aims to lead to more consistent accounting for irrevocable split-interest agreements.
GASB issued implementation guidance that is intended to clarify, explain, or elaborate on recent standards issued for state and local government financial reporting.
A new standard preserves the amortized cost accounting option.
Proposals address fiduciary activities, asset retirement obligations, and pension issues.
Proposed federal accounting standards are aimed at transparency.
A PwC survey finds tiny drop in economic crime, but that might not be good news.
GASB issued a standard that is intended to clarify how certain component units incorporated as not-for-profit corporations should be presented in state or local government financial statements.
A new GASB proposal would require state and local governments to report leases based on the principle that leases are financings of the right to use an underlying asset.
Federal government reporting entities received fresh guidance this week on how to implement a 1998 accounting standard for internal-use software.