On the Horizon: Proposed Implementation Guide Update

The GASB is scheduled to clear a proposed Implementation Guidance Update in November. Many of the questions and answers in the draft guide address queries received from stakeholders over the course of the year through the Board’s technical inquiry system.

The draft guide proposes new Q&As and amendments to previously issued implementation guidance on relevant topics including leases, fiduciary activities, and conduit debt. The proposal has a January 31, 2020 comment deadline.