GASB seeks comment on several issues
GASB issued an omnibus exposure draft covering accounting and financial reporting issues identified during the implementation of previous GASB guidance.
Governmental
GASB proposes changes to Sec. 457 plan reporting
GASB proposed new guidance that would clarify the accounting and financial reporting of Internal Revenue Code Sec. 457 deferred compensation plans.
New GASB guide addresses fiduciary activities
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.
GASB proposes guidance on PPPs and APAs
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 issues implementation guide
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.
Chief accountant Wesley Bricker to leave SEC
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 proposes guidance for subscription-based IT arrangements
GASB proposed guidance for state and local government accounting for subscription-based information technology arrangements.
New GASB guide assists with implementation
A new implementation guide issued by the Governmental Accounting Standards Board can assist state and local governments as they adopt certain GASB statements.
GASB issues proposed lease accounting implementation guide
GASB issued a proposed implementation guide that is designed to help state and local governments understand the board's new standard on lease accounting.
FASAB proposes eliminating RSSI, updating lease references
References to leases in three statements would change.
Yellow Book revisions update independence guidance
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 proposes eliminating RSSI, updating lease references
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 issues proposed lease accounting implementation guide
GASB issued a proposed implementation guide that is designed to help state and local governments understand the board’s new standard on lease accounting.
GASB proposes implementation guidance
Q&As would address application of many topics.
GASB proposes implementation guide for fiduciary activities standard
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.
GASB proposes targeted improvements, new concepts
The aim is to make financial reporting more useful for decision-making.
GASB proposes implementation guidance
GASB issued a proposal that would provide implementation guidance for certain state and local government accounting standards.
Awards recognize outstanding CPAs in government
Deborah Loveless and Kathryn Belfi receive awards.
FASAB committee proposal would withdraw inter-entity cost guidance
Lease accounting rules for federal entities also were clarified.
GASB clarifies majority equity interest reporting rules
The statement divides interests into investments and component units.
