Status of Statement No. 72

Summaries / Status

Status of Statement No. 72
Fair Value Measurement and Application


Status


Issued: February 2015

Effective date:

For reporting periods beginning after June 15, 2015

Affects:
  • Amends GASBS 3, ¶116
  • Supersedes GASBS 10, ¶44
  • Amends GASBS 10, ¶42, ¶43, and ¶46
  • Amends GASBS 14, ¶55
  • Supersedes GASBS 25, fn7
  • Amends GASBS 25, ¶24, ¶32, ¶41, and ¶44
  • Supersedes GASBS 31, ¶3
  • Amends GASBS 31, ¶2, ¶5, ¶7, ¶15, and ¶22
  • Amends GASBS 34, ¶18 and ¶27
  • Supersedes GASBS 43, fn4
  • Amends GASBS 43, ¶22, ¶30, and ¶46
  • Amends GASBS 51, ¶3
  • Amends GASBS 52, ¶2
  • Supersedes GASBS 53, ¶21, and fn9 and fn11
  • Amends GASBS 53, ¶69 and ¶82
  • Amends GASBS 59, ¶4
  • Amends GASBS 60, ¶9
  • Amends GASBS 61, ¶10
  • Supersedes GASBS 62, fn54
  • Amends GASBS 62, ¶137, ¶203, ¶204, ¶373, ¶409, ¶424, and ¶425
  • Supersedes GASBS 67, fn7
  • Amends GASBS 67, ¶18 and ¶30
Affected by: 
  • Paragraph 69 amended by GASBS 79, ¶4 and GASBS 85, ¶7
  • Paragraph 80 will be amended by GASBS 84, ¶5 and ¶14–¶18
Other Interpretive Literature:
  • GASB Implementation Guide 2016-1
Primary Codification Section References: 3100, I50


Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
BFC - Basis For Conclusions
NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
SOP - AICPA Statements of Position
ASLGU - AICPA Audit Guide
GASB Q&A - GASB Implementation Guides