Government accounting

The board released an exposure draft of a proposed standard for multi-employer retirement plan obligations.

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.

The International Federation of Accountants teamed up with the Institute of Chartered Accountants on the latest installment of an educational series.

The Top 30 Firm is expanding its local, state and federal government client base, effective March 31.

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 Federal Accounting Standards Advisory Board released an interpretation of the accounting rules around reporting debt cancellation for the federal government.

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 Federal Accounting Standards Advisory Board released a standard for accounting and financial reporting on government-owned land and delayed the effective date due to the pandemic.

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