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GASB Chairman Discusses Ongoing Projects

In his latest “From the Chairman” article, Governmental Accounting Standards Board (“GASB”) chairman David Vaudt opens up about three projects the board is working on this year. The efforts cover the financial reporting model, revenue and expense recognition, and pre-agenda research on existing note disclosures. Vaudt says these projects will help reshape accounting and financial reporting for state and local governments, impact how revenue and expense are recognized in governments’ financial statements, and enable financial statement users to understand such statements better. Read Vaudt’s “From the Chairman” article on GASB.org.

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GASB Interviews New Member Kris Knight

On its YouTube channel, the Governmental Accounting Standards Board (“GASB”) has posted a video showcasing new board member Kris Knight. Kris is Delaware’s deputy secretary of state and joined the GASB in July. In the video, he discusses his current role and the challenges and opportunities the GASB face in reviewing the financial reporting model. Learn more about Kris Knight on the GASB’s YouTube channel.

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