Government accounting

The Financial Accounting Foundation’s board of trustees has named Joel Black, partner in charge of the audit practice at Top 100 Firm Mauldin & Jenkins, the next chair of the Governmental Accounting Standards Board.

The reporting requirements will be in effect for government entities beginning Dec. 15 for all reporting periods subsequent to that date.

The Public Interest Committee, which oversees the standard-setting activities of the International Public Sector Accounting Standards Board, has initiated a public survey on the governance arrangements at the IPSASB to gauge perceptions of the standard-setting group’s oversight.

The Governmental Accounting Standards Board has proposed implementation guidance with questions and answers to clarify and explain some of GASB’s earlier standards and pronouncements.

The 50 states have accumulated a combined $1.5 trillion in debt related to pension and other post-employment benefits, while elected officials claimed balanced budgets.

The Governmental Accounting Standards Board proposed accounting and financial reporting guidance for state and local governments to help them transition away from the London Interbank Offered Rate to newer reference rates.

The Federal Accounting Standards Advisory Board staff released an exposure draft of a technical bulletin that would clarify the existing standards for loss allowances.

The exposure draft offers standards for how governments can account for monetary gold and currency in circulation.

The Federal Accounting Standards Advisory Board has issued an interpretation of some recent standards involving cost provisions among multiple entities who are liable for cleanup costs.

The Governmental Accounting Standards Board has released questions and answers about the recent standard on accounting and financial reporting for leases by state and local governments.

The omnibus exposure draft addresses a variety of issues identified during the implementation and application of different pronouncements.

The Governmental Accounting Standards Board proposed new accounting and financial reporting guidance Friday on deferred compensation plans under Section 457 of the tax code.

The Governmental Accounting Standards Board released an implementation guide Monday with questions and answers explaining GASB’s recently issued standards on accounting and financial reporting for fiduciary activities.

The Governmental Accounting Standards Board has proposed some new guidance on the accounting and financial reporting for public-private and public-public partnership arrangements, along with availability payment arrangements.

The changes will provide a single method for government issuers to report on conduit debt obligations and related commitments.

The Governmental Accounting Standards Board proposed new guidance on how state and local governments should handle the accounting and financial reporting for cloud computing and similar subscription-based information technology arrangements.

The Governmental Accounting Standards Board has released guidance in the form of questions and answers to help state and local governments apply its standards.

The Financial Accounting Standards Board and the Governmental Accounting Standards Board are both on the lookout for new chairmen, with the end of the term approaching next year for leaders of both FASB and GASB.

The software was designed by accountants and technology professionals at the firm.

Truth in Accounting wants pension and retirement benefit costs included in state and local government reporting.