Government accounting

The Financial Accounting Standards Board is considering a change to address leases that are under the common control of related-party businesses.

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

When governments outsource efforts, they are bringing in a new set of eyes that can identify risks, compliance issues or human errors.

The Federal Accounting Standards Advisory Board is looking for volunteers to join a new task force it is forming on climate-related financial reporting.

The board released a concepts statement to guide GASB when mandating note disclosure requirements for state and local governments.

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 Financial Accounting Standards Board is asking its stakeholders to provide feedback on whether it should work on a new standard to account for government grants while building on an existing international standard.

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

The International Public Sector Accounting Standards Board issued a consultation paper on natural resources on Monday to consider various issues relating to recognition, measurement and presentation of natural resources by public sector entities.