GASB

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.

The board added a project to deal with issues related to subsequent events for state and local governments.

The trend toward digitization of government data has been affirmed as a priority by the passage of recent legislation.

The Governmental Accounting Standards Board released implementation guidance to clarify, explain and elaborate on its GASB statements, using a series of questions and answers.