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Revised GASB Codification and GARS Online Delayed

The Governmental Accounting Standards Board (“GASB”) has delayed the recent edition of its Codification and Original Pronouncements and the June update to the Governmental Accounting Research System (GARS) and GARS Online to March 2016. The delay is due to the Codification requiring extensive revisions to be in line with the new GAAP hierarchy under GASB Statement No. 76 , The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments.

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