The last few years have brought several new standards from the Financial Accounting Standards Board (FASB). While some of these new FASB standards were rolled out as far back as [...]
State and local governments will now be required to include in their financial statement notes additional information regarding debt held, following the issuance of a new standard from the Governmental [...]
In December of 2013, the United States Office of Management and Budget (OMB) issued comprehensive grant reform rules titled “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards” [...]
As we all know, the only constant in life is change. And generally accepted accounting principles (GAAP) are no exception to that rule. Paying attention to updates issued by the [...]
The Governmental Accounting Standards Board (GASB) has detailed new guidance for in-substance defeasance of debt. Statement No. 86, released on May 17, establishes that debt be considered defeased in substance [...]
The Governmental Accounting Standards Board (GASB) has detailed new guidance for in-substance defeasance of debt. Statement No. 86, released on May 17, establishes that debt be considered defeased in substance [...]