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

The FAF Board of Trustees adopted improvements to the Post-Implementation Review process for new accounting standards created by the FASB and GASB. read more

MAY 14, 2020 - 6:25 am

Work to adopt the mandatory GASB lease accounting standard has not begun for half of those employed in state and local governments (51.4%) and public higher education institutions (50%), per a Deloitte poll. read more

MAR 25, 2020 - 6:25 am

The Governmental Accounting Standards Board issued Preliminary Views, Leases, which includes proposals to improve the accounting and financial reporting for leases for state and local governments from both a lessee and lessor perspective. read more

NOV 21, 2014 - 7:12 am