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On November 15, 2022, GASB released proposed updates for its 2023 Implementation Guide, which primarily address unresolved questions on Statement 87, Leases, and Statement 96, Subscription-Based Information Technology Arrangements (SBITAs). This article provides details on the updates, which are subject to change until a final ballot vote.
Learn more about FORVIS lease accounting tools and services available.
Last updated in 1999 with Statement 34’s release, GASB’s financial reporting model project is planned for completion in early 2024. Read on…
FASB has approved narrowly focused accounting guidance for certain digital assets with a final ASU expected in the fourth quarter. Read on…
GASB has approved the release of its 2023 Implementation Guide, which primarily addresses unresolved questions on leases and SBITAs. Read…
Brush up on GASB standard setting from July 2022 to June 2023, along with updates on outstanding exposure drafts and ongoing projects.
The SEC recently assembled a host of industry participants to discuss various topics on municipal securities disclosures. Read on for…
GASB Statement 91, Conduit Debt Obligations, establishes consistent recognition, measurement, and disclosure between governments. Read on…