GASB issued new accounting and financial reporting guidance for subscription-based information technology arrangements which have become increasingly common among state and local governments in recent years. read more
JUN 8, 2020 - 6:25 am
Crowe introduced its Lease Accounting Optimizer for the public sector, a tool to help organizations track, account and report on lessee and lessor leases to comply with Governmental Accounting Standards Board Statement No. 87. read more
MAR 19, 2019 - 6:50 am
The Governmental Accounting Standards Board issued guidance that establishes a single approach to accounting for and reporting leases by state and local governments. read more
JUN 29, 2017 - 7:21 am
The GASB issued a proposal to establish a single approach for state and local governments to report leases based on the principle that leases are financings of the right to use an underlying asset. read more
FEB 9, 2016 - 6:42 am
On November 11, 2014, the Governmental Accounting Standards Board (GASB) issued a Preliminary Views document on a project to change current GASB lease accounting GAAP, but it is in line with the IASB approach rather than the FASB approach that... read more
March 2015