GASB

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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.

The Governmental Accounting Standards Board's Statement No. 104 requires separate disclosures for certain types of capital assets.

The Governmental Accounting Standards Board is considering changes in the financial reporting rules for infrastructure assets and is looking for feedback.

The Gov Fin 2024 conference put a spotlight on the implications of the Financial Data Transparency Act.

A useful AMT; refunds of the dead; core-satellite portfolios; and other highlights from our favorite tax bloggers.

The Governmental Accounting Standards Board released a post-implementation review report on its pension standards and found they mostly accomplished their goals.

While robust software solutions can streamline these processes, it's still important to have a fundamental grasp of the requirements for successful implementation.

The foundation commemorated the 40th anniversary of the Governmental Accounting Standards Board, and referenced last year's 50th anniversary of the Financial Accounting Standards Board.

The Governmental Accounting Standards Board released an updated standard to improve some of the main components of the financial reporting model for state and local governments.

The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments.

The Financial Accounting Foundation has overhauled the website for the Financial Accounting Standards Board, with new websites in the works for the Governmental Accounting Standards Board and the FAF itself in the weeks ahead.

The FAF, which oversees FASB and GASB, is asking for nominations for at-large trustees.

IFAC and FASB both appoint and reappoint board members; RSM raises $4.7M for nonprofits via Power of Love program; and more news from across the profession.

The board floated a proposal to set requirements for some types of capital assets to be disclosed separately for purposes of note disclosures.