GASB

The Financial Accounting Foundation released its annual report, offering an overview of its activities in 2024, and at the two standard-setters it oversees.

A landmark research study by GASB has provided one of the most detailed examinations to date of how state and local governments in the U.S. use GAAP.

The Governmental Accounting Standards Board made some preliminary proposals on accounting for severe financial stress and probable dissolution disclosures.

Welcome to Tax Court; the subscription model; new blog on the block; and other highlights from our favorite tax bloggers.

GASB released a study on utilization of GAAP among state and local governments and found all the states are using GAAP, but only about three-quarters of localities are.

The Governmental Accounting Standards Board published a post-implementation review report on GASB Statement No. 72, Fair Value Measurement and Application.

The Financial Accounting Foundation is looking for candidates for several leadership roles, including FAF executive director.

John Auchincloss will retire in September 2025 from the FAF. The search for his successor will begin immediately.

The Governmental Accounting Standards Board issued an exposure draft on how to account for transactions that occur after the date of the financial statements.

The Governmental Accounting Standards Board is focusing on advancing its digital financial reporting taxonomy.