Navigating GASB 100: Accounting Changes and Error Corrections

calendar iconFebruary 13, 2024

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Governmental Accounting Standards Board (GASB) Statement No. 100, Accounting Changes and Error Corrections, an amendment of GASB Statement No. 62, is in effect for fiscal years beginning after June 15, 2023. This accounting pronouncement is intended to streamline the reporting of accounting changes and error corrections, as well as the related disclosures in governmental financial reporting.

Danny Martinez, Managing Director and Government & Public Sector Accounting Advisory Lead, hosted Scott Anderson, Assurance Director, and DeWanna Coleman, Assurance Senior Manager, to dive into the challenges, changes and key considerations for GASB 100.

As part of our GPS podcast series, and the first in our GASB mini-series for 2024, this episode covers:

  • Changes in accounting principle
  • Changes in accounting estimate
  • Changes to or within a financial reporting entity
  • New error corrections
  • Key takeaways

Do You Need Assistance with GASB 100?

Cherry Bekaert’s Government and Public Sector Accounting Advisory team provides a comprehensive GASB-as-a-Service offering that helps governments overcome staffing and technical challenges. We have a dedicated team of professionals who solely provide governmental accounting advisory services for governments, equipping them with the confidence that their needs will not be placed second to competing audit regulatory deadlines.

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