GASB

The pace of issuance and implementation of new GASB statements continues to accelerate.

The board is adding a major project on accounting and financial reporting for infrastructure assets to its technical agenda.

Danielle Pollock became one of the seven students to be selected for the board's Postgraduate Technical Assistant program.

The foundation is adding a place on its website where people can raise concerns about the standard-setters not following due process.

The foundation will start streaming portions of its Oversight Committee meetings with the chairs of FASB and GASB, starting May 9.

The foundation announced the launch of its free, enhanced online access to the ASC and the Governmental Accounting Research System.

The board released additional information to clarify earlier guidance on how to account for subscription-based technology for state and local governments.

The codifications will be more accessible to the general public and the paid professional view will be eliminated.

The Governmental Accounting Standards Board issued proposed implementation guidance in the form of questions and answers to clarify different pronouncements.

The financial industry veteran will be overseeing the Financial Accounting Standards Board and the Governmental Accounting Standards Board.

The Governmental Accounting Standards Board has appointed a new task force to help GASB deal with going concern uncertainties and severe financial stress disclosures.

Complexity causes the data to be unclear, and even obsolete by the time it is reported.

The board proposed requirements for governments to disclose information about risks that could affect the level of services they’re able to offer or their ability to meet obligations.

The Governmental Accounting Standards Board released new guidance to provide a unified accounting treatment for compensated absences of state and local government employees and simplify the disclosure work.

The board released guidance Monday to improve the accounting and financial reporting requirements for state and local governments.

The board of trustees released a draft strategic plan Tuesday and is asking for input.

The board issued guidance Monday to address different accounting and financial reporting issues it identified.

Governmental Accounting Standards Board chair Joel Black has plans as GASB prepares to issue new standards on compensated absences, accounting changes and error corrections, while also weighing issues like digital assets, electronic financial reporting and subsequent events.

The Governmental Accounting Standards Board set the effective date for the GASB 87 leases standard at June 15, 2021, after pushing it back by 18 months during the pandemic, but many state and local governments are apparently behind on implementing it.

With Kathleen Casey's term due to end at the end of 2022, the trustees has begun the search for her successor.