Report from GASB

The Governmental Accounting Standards Board (GASB) met early in May 2016 at its offices in Norwalk, Connecticut, to pursue work on a number of the Board’s ongoing technical agenda projects. The paragraphs that follow summarize the main tentative decisions that the Board made at its May meeting. Certain Debt Extinguishments. The Board reached the following tentative decisions regarding debt extinguishments: Existing note disclosure requirements are sufficient for debt that is...



The GASB Wants Your Input - Take the GASB Survey of Financial Statement Preparers

The Governmental Accounting Standards Board (GASB) has invited members of GGFOA to participate in an important survey regarding the activities that you engage in when preparing and publishing your audited annual financial reports in conformity with generally accepted accounting principles (GAAP). The information collected will be highly valuable to the GASB in evaluating the costs and benefits associated with conforming to GAAP and the effect on the timeliness of issuing GAAP financial...