Roads, Bridges, and Water Systems: GASB Floats Early Views for Infrastructure Asset Reporting
The Governmental Accounting Standards Board (GASB) has unveiled a preliminary proposal to enhance financial reporting for state and local governments, …
GASB Chair: SEC’s Financial Data Transparency Rule Aligns with Expectations, but Raises Industry Concerns
Governmental Accounting Standards Board (GASB) Chair Joel Black told trustees on August 13, 2024, that the SEC’s proposed rule on …
GASB’s 2024 Priorities Include New Rules on Financial Reporting Model, Capital Assets, Chair Says
The Governmental Accounting Standards Board (GASB) plans to issue two new standards and three public consultation documents as part of …
U.S. Accounting Rulemakers Studying How Investors Use Artificial Intelligence to Consume Financial Data
The FASB and the GASB are actively monitoring the evolution of electronic financial reporting, including how investors use Artificial Intelligence …
Concerns Bubbling Up Over Implications of Financial Data Transparency Act for GASB
The GASB is monitoring the process of the Financial Data Transparency Act of 2022 that was floated by Congress earlier …
Much Talk, Little Action on Cryptocurrencies Among Cities and States, GASB Says
GASB research on cryptocurrencies so far dug up much talk by states backed with little action, making standard-setting largely moot …
GASB Update to LIBOR Cessation Accounting Rules Coming in Spring for Cities, States
A GASB update to accounting rules that address the dissolution of the London Interbank Offered Rate (LIBOR) will be published …
GASB Statement to Eliminate Racially Offensive Acronym to be Published Mid-October
The GASB plans to issue a new statement on October 19 to change the name Comprehensive Annual Financial Report (CAFR) …
GASB Advances Talks to Eliminate Offensive Slur from Acronym for Comprehensive Annual Financial Report
The GASB on January 12, 2021, agreed to draw up a proposal to change the name Comprehensive Annual Financial Report …