GASB Takes Detailed Look at Financial Reporting
The Governmental Accounting Standards Board (“GASB”) is currently working on or performing research concerning three projects to improve financial reporting for governmental entities. Two of the interrelated efforts, Financial Reporting Model Reexamination and Revenue and Expense Recognition, are currently on the GASB’s technical agenda. The third project, the Note Disclosures Reexamination, was added to the GASB’s pre-agenda research. The GASB timed each project in a staggered way to work on them in unison to be issued successively and in a timely manner. More on the financial reporting projects is available on GASB.org.
Topics: financial reporting, Financial Reporting Model Reexamination, GASB, Governmental Accounting Standards Board "GASB", Governmental Entities, Note Disclosures Reexamination Project, revenue and expense recognition