With the July 1, 2019 implementation date fast approaching for the new GASB 84[1] accounting guidance for fiduciary activities, school districts in Michigan have been working through various issues ...

The Governmental Accounting Standards Board has published guidance on what constitutes fiduciary activities for financial reporting purposes for state and local governments, how fiduciary activities ...

In 2024 alone, school districts in Tennessee, Louisiana, Florida and Indiana reported stolen student activity funds — totaling over $260,000 combined. Student activity funds are raised directly by ...

GASB issued guidance Monday designed to improve the accounting and financial reporting requirements for accounting changes and error corrections. GASB Statement No ...

The question of whether pensions and other retirement benefits should be more prominently reported by state and local governments is a burning controversy for the Governmental Accounting Standards ...

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 ...

State auditors and treasurers will have the consolation of continuing to maintain a presence on the seven-member Governmental Accounting Standards Board even though its chairman will no longer ...

The issues covered by GASB Statement No. 92, Omnibus 2020, include modifying the effective date of Statement No. 87, "Leases," to address concerns regarding interim financial reports; along with ...