Pronouncements
Summaries / Status
Status of Statement No. 32
Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans—a rescission of GASB Statement No. 2 and an amendment of GASB Statement No. 31
Status
Issued: October 1997
Effective Date:
- For periods beginning after December 31, 1998 or when plan assets are held in trust under the requirements of IRC Section 457, subsection (g), if sooner
Affects:
- Supersedes GASBS 2
- Amends GASBS 31, ¶2 and ¶4
Affected by:
- Paragraph 4 amended by GASBS 34, ¶69, ¶70, and ¶106
- Paragraph 6 amended by GASBS 34, ¶6
Other Interpretive Literature:
GASB Comprehensive Implementation Guide
Primary Codification Section Reference: D25
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 |