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The Governmental Accounting Standards Board (GASB) voted unanimously to allow GASB 68, which is meant to overhaul the way that government bodies account for employee pension plans, to go forward without delays, despite a request to the board for an indefinite delay in implementation date came from stakeholder groups that asserte
The Governmental Accounting Standards Board has announced an updated website. As described in a release, the new site features more user-friendly navigation and resources written in “plain English” to give users a background on accounting and financial reporting issues for state and local governments.
Until recently, the Governmental Accounting Research System has only been available in CD-ROM format. But the GASB is reminding interested parties about GARS Online—the same information, through the Internet. The online product offers advanced and special features, such as annotations and bookmarks, advanced searching, tabbed browsing and archiving.
GARS Online, like the CD-ROM product, includes:
At the end of June, FASB Chair Leslie F. Seidman and GASB Chair Robert H. Attmore both announced their retirement from board service, according to a release from the organizations' parent body, the Financial Accounting Foundation.
The Financial Accounting Foundation, parent body of the FASB and GASB, has just published its annual report, noting that 2013 is its 40th anniversary. The FASB started its work that same year, and the GASB about decade later, in 1984.
The highlights of the year, according to the report, include the establishment of the Private Company Council, a GASB Study and Post Implementation Review Reports. The annual report also contains a multipage timeline of FAF, FASB and GASB milestones.
The Financial Accounting Foundation is soliciting feedback from interested parties as part of its post-implementation review (PIR) process for both FASB and GASB standards. As part of these reviews, the FAF is asking FASB and GASB constituents to participate in surveys designed to assess whether accounting standards are meeting their stated objectives.
See what's been happening lately at the SEC, the FASB and the GASB.
See what's been happening at the SEC, the PCAOB and the GASB.
Check out the latest from the SEC, the FASB and the GASB.