In Brief The need for accounting standards for government entities has been long recognized, but the road to establishing the right body to set such standards was not a smooth one. Success was...
On April 8, 2020, FASB and its staff met to discuss various issues relating to the implications of the coronavirus (COVID-19) pandemic on certain FASB accounting standards–setting activities....
Effective for fiscal years beginning January 1, 2020, a new approach for accounting and reporting leases will be required for state and local governments under GASB Statement...