The implementation of GASB Statements 87 and 96 has brought significant changes to how government entities report leases and subscription-based information technology arrangements. A thorough ...

The Governmental Accounting Standards Board has issued new guidance requiring governments to disclose information related to their own vulnerability, asking governments to disclose certain heightened ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Last year, the Governmental Accounting Standards Board (GASB) voted to defer the effective ...

Debt-related disclosures in notes to state and local government financial statements would change under a new proposal issued by GASB. Notes addressing direct borrowings and direct placements are ...

New lease accounting standards will dramatically affect the way governmental entities record leases on their financial statements. The Governmental Accounting Standards Board Statement Number 87(GASB ...

The Bond Market Association is urging the Governmental Accounting Standards Board to allow state and local governments to disclose the aggregate amount of their exposure to interest rate swaps in ...

State and local governmental entities (“Governments”) nationwide will soon face new financial statement disclosure requirements regarding existing tax incentive agreements. While the GASB encourages ...

State and local governments will be required to present direct borrowings and direct placements of debt separately from other types of debt in their financial statement note disclosures under a new ...

The Governmental Accounting Standards Board has released a proposed standard that would require state and local governments to disclose information about property and other tax abatement agreements ...

My recent article, “Puerto Rico Illustrates Need For New Public Employee Pension Disclosures,” argued that any rescue Puerto Rico rescue bill passed by Congress needs to include the provisions of Rep.

BUFFALO, N.Y. — A 2015 rule that changed the pension reporting of state and local governments ended up diverting funds away from public welfare, salaries and hiring, according to new University at ...