The Governmental Accounting Standards Board has released new standards aimed at improving the accounting and reporting of combinations and disposals of government operations for U.S. state and local governments.

GASB Statement No. 69, Government Combinations and Disposals of Government Operations, provides guidance for determining whether a specific government combination is a government merger, a government acquisition or a transfer of operations. The standard was approved on Jan. 8 and became available for download on GASB’s Web site Tuesday (see GASB Approves Standard for Government Combinations and Transfers of Operations).

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