The Governmental Accounting Standards Board proposed guidance in an omnibus exposure draft to address a variety of state and local government accounting and financial reporting issues it has ...

The Governmental Accounting Standards Board is juggling a variety of projects to improve accounting for state and local governments as they come under pressure from the threat of reduced funding from ...

GASB issued a new implementation guide that includes questions and answers related to recently released GASB standards on accounting and financial reporting for fiduciary activities. The guidance is ...

Homeowner frustration with rising property taxes may soon reach a boiling point and talk of amending Ohio’s constitution to abolish property taxes altogether has gained significant traction. But state ...

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 ...

S&P Global Ratings recently withdrew its credit ratings on 64 local governments after they failed to file financial updates on time because of staff shortages and delayed audits. Nearly 150 such ...

Following FASB’s issuance of Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), in 2016, GASB issued Statement No. 87, Leases, in June 2017, to become effective for reporting periods ...