The Governmental Accounting Standards Board's agenda for 2006 will rank among its most ambitious ever.Within the first few months of the year, it may have six or more projects underway, with exposure drafts going out the door as comment letters are coming in.

As 2005 came to a close, the board was receiving the last comments on an exposure draft on sales and pledges of receivables and future revenues. And as 2006 opened, the board was preparing to issue an ED on pollution remediation obligations. By February, the board expected to issue an ED of a technical bulletin on accounting for Medicare Part D prescription drug subsidies.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access