GASB Issues New Guidance on Risk Disclosures
The new statement is meant to provide financial statement users with information about certain risks when circumstances make a government vulnerable to a heightened possibility of loss or harm.
Governmental Accounting Standards Board (GASB)
GASB Proposes New Guidance for Subscription-Based IT Services
If cleared as final implementation guidance, the question and answer in this supplemental Exposure Draft will be added to previously exposed questions and ...
GASB Issues New Pension Guidance
The requirements of GASB Statement 82 are generally effective for reporting periods beginning after June 15, 2016, with earlier application encouraged. Additional information regarding implementation timing is available in the document.
GASB Statement Provides Guidance on Reporting of Component Units
The Governmental Accounting Standards Board (GASB) has a new statement about how certain component units incorporated as not-for-profit corporations should be presented in the financial statements of the primary state or local government.
GASB Proposes New Guidance on Fiduciary Activities, Asset Retirements and Pensions
The proposals addressing fiduciary activities and certain asset retirement obligations would establish guidance in areas where little or none exists today.
FASB Seeks Changes to Financial Statement Disclosures Required by GAAP
The Financial Accounting Standards Board (FASB) has issued two exposure drafts related to its disclosure framework project. The public, including accounting professionals and other stakeholders, have until December 8, 2015, to review and comment on ...
2016 GAAP Financial Reporting Taxonomy Open for Comment and Review
FASB also offers free CPE webcast to look at taxonomy changes, simplification and guidance issues.
AICPA Makes Major Revisions to Key Audit Guides
The 2015 edition of the AICPA Audit Guide, Government Auditing Standards and Single Audits, is an indispensable resource for auditors performing single audits of federal expenditures, as well as audits performed in accordance with Government Auditing ...