The Governmental Accounting Standards Board is juggling a variety of projects to improve accounting for state and local governments as they come under pressure from the threat of reduced funding from ...

Responding to the COVID-19 pandemic was very much on the agenda at the Financial Accounting Foundation in 2020, but that didn’t keep it, and the two U.S. accounting standard-setting boards that it ...

The Difference in Accounting Practices Between GASB & FASB. Private and governmental entities use separate accounting standards to create their financial statements and manage their funds. Without ...

The Governmental Accounting Standards Board (GASB) is a private organization that creates generally accepted accounting principles for state and local governments.

GASB GASB critics want more transparency for public pensions and other retirement benefits By Brian Tumulty April 09, 2021, 2:33 p.m. EDT 6 Min Read ...

When it comes to achieving and maintaining compliance with GASB 87, there’s no time to waste. The requirements are nuanced and point toward a new method of lease accounting.

The discount rate rule, known as GASB 67, is just part of the story. Another piece of the new rule, GASB 68, will hit financial statements starting later this year.

Last June, when the Governmental Accounting Standards Board revised the standards for financial reporting for state and local governments, the lay public barely noticed. For finance officers and ...

GASB will take a fundamental look at the reporting model for state and local government financial statements in an effort that aims to enhance the information available for decision-making and ...

GASB on Tuesday took another big step in its efforts to provide accounting and financial reporting guidance that more accurately portrays the liabilities that state and local governments face in ...