On June 20, 2022, GASB approved an exposure draft that would require governments to disclose information about certain risks that could affect services provided or the ability to meet obligations as they become due. Disclosure would be required for a government’s vulnerabilities to certain concentrations and constraints common in the governmental environment. This article provides details on the proposal.
GASB Wants More Details on Risks
GASB • July 22, 2022
A GASB proposal would require governments to disclose information about certain risks that could affect services provided or the ability to meet obligations.
