GASB Seeks Comments on Conduit Debt Obligations Proposal

October 1, 2018

There is still time to submit comments regarding the Governmental Accounting Standards Board’s (“GASB”) proposed Statement to streamline how government issuers disclose conduit debt obligations. In the Exposure Draft, Conduit Debt Obligations, the GASB offers a single method for reporting such obligations and eliminating diversity in practice. The proposal also offers accounting guidance when there are additional commitments given by government issuers and addresses a topic not addressed by GASB 87, Leases.

Comments on the proposal are due Friday, November 2. For more on this Exposure Draft, read the press release.