GASB, Financial Accounting Standards Board.

GASB Response to COVID-19
The GASB is here to help. This page provides an overview of the Board’s response and selected resources. GASB Response to COVID-19 -Feature Pane - More Link
Post-Implementation Review
The GASB reviews major Statements after issuance through the post-implementation review (PIR) process. Feature Pane - Post-Implementation Review (PIR) - More Link
Revenue and Expense
In June 2020, the GASB issued a Preliminary Views proposal in its project to develop a comprehensive model for recognizing expenses and revenues. Learn more about the project and how to share your views. Feature Pane - Revenue and Expense - More Link
Financial Reporting Model Reexamination
In July 2020, the GASB issued an Exposure Draft in its reexamination of the Financial Reporting Model. Learn more about the project and how to share your views. Financial Reporting Model Reexamination -Feature Pane - More Link
GASB Outlook
The GASB Outlook is a quarterly e-newsletter designed to keep stakeholders informed about key GASB projects and activities. Click here to subscribe. Feature Pane - GASB Outlook More Link
Reference Rate Reform
In April 2020, the GASB issued new guidance to assist stakeholders in the transition away from referencing LIBOR—and other interbank offered rates—and toward new reference rates that are more reliable and robust. Reference Rate Reform - Feature Pane - More Link
Leases
In June 2017, the GASB established new guidance that establishes a single approach to accounting for and reporting leases by state and local governments. The approach is based on the principle that leases are financings of the right to use an underlying asset.
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Video Vault
Get the latest on what’s going on, what coming up, and how to get involved in GASB projects. The Vault also features interviews with Board members, staff, and GASB@35 featurettes. Feature Pane - Video Vault More Link

LATEST NEWS

GASB Opens Search for Director of Research and Technical Activities [09/10/20]

News Release

FAF Reappoints Robert Scott and Alan Skelton to Leadership Roles on the Governmental Accounting Standards Advisory Council [08/18/20]

Media Advisory

GASB Offers Grants for Research on Severe Financial Stress [08/12/20]

Request for Research

Financial Accounting Foundation Board of Trustees [08/03/20]

Notice of Meeting

GASB Requests Input on Proposals to Improve Key Components of Government Financial Reports [07/24/20]

GASB Adds Resources to Emergency Toolbox Addressing Issues Arising from COVID-19 Pandemic [07/20/20]

Stakeholder Advisory

GASB Releases Accounting and Financial Reporting Guidance Related to the Cares Act and Coronavirus Diseases [07/02/20]

GASB Requests Input on Revenue and Expense Recognition Proposals [06/30/20]

GASB Proposes Concepts for Recognition of Financial Statement Elements [06/30/20]

Financial Accounting Foundation Appoints Dianne Ray to Governmental Accounting Standards Board [06/23/20]

Media Advisory

GASB Issues Guidance on Certain Component Unit Criteria and Section 457 Deferred Compensation Plans [06/23/20]

GASB to Hold July 28 Virtual Public Hearing on Proposal to Enhance Concepts for Notes to Financial Statements [06/18/20]

Stakeholder Advisory

FEATURED VIDEO

GASB Chair Joel Black and project team members discuss the recent Preliminary Views on revenue and expense recognition, what’s coming up, and how to share feedback with the Board.

Link to Video & Podcasts

GASB Response to COVID-19

Post-Implementation Review

Revenue and Expense

Financial Reporting Model Reexamination

GASB Outlook

Reference Rate Reform

Leases

Video Vault

LATEST NEWS

FEATURED VIDEO

QUICKLINKS