GASB

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

The Governmental Accounting Standards Board is adding a major project on going concern uncertainties and severe financial stress to its technical plan for the first third of this year.

The board is changing the term Comprehensive Annual Financial Report because the abbreviation is often pronounced the same way as a derogatory term.

Government budgets are prepared with “wild, wild west” accounting rules.

The Governmental Accounting Standards Board released a proposed concepts statement to guide GASB when establishing note disclosure requirements for state and local governments.

The exposure draft covers various accounting and financial reporting issues that were identified during implementation, application, and due process on GASB standards.

The recent leasing rules from the Financial Accounting Standards Board and the Governmental Accounting Standards Board are turning out to be harder to follow than many organizations expected.

The board released updated implementation guidance for its leases standard, along with other accounting standards for state and local governments.

Capital gains at death; ounces of prevention; extremely dark money; and other highlights from our favorite tax bloggers.

The Governmental Accounting Standards Board issued a proposal to improve the accounting and financial reporting requirements for state and local governments.