News Release 06/27/14


Norwalk, CT, June 27, 2014—Registration now is open for two upcoming Governmental Accounting Standards Board (GASB) educational webinars focused on the Board’s recently-issued Exposure Draft, Fair Value Measurement and Application.

Fair Value Measurement and Application: A CPE Webinar for State and Local Government Financial Statement Preparers and Auditors will take place on Tuesday, July 15, 2014, 1:00 to 2:00 p.m. Eastern Daylight Time (EDT). Participants in the live broadcast (which is offered free of charge to those who preregister) will be eligible for up to 1 hour of Continuing Professional Education (CPE) credit. (Please note that CPE credit is not available for group viewing of the live broadcast.)

Fair Value Measurement and Application: A Webinar for State and Local Government Financial Statement Users will take place on Thursday, July 17, 2014 from 1:00 to 2:00 p.m. EDT. This is an informational webcast targeted to financial statement users, and is offered free of charge to those who preregister. CPE credit will not be offered as part of this webcast.

The webcasts will feature GASB Research Manager Dean Mead, GASB Project Manager Randal Finden, and GASB Practice Fellow Deborah Beams discussing the Board’s recently-issued Exposure Draft on fair value measurement from the perspectives of state and local government practitioners and financial statement users, respectively.

Both webcasts will cover the following topics, each focusing on areas of most interest to their respective target audiences:
  1. Background of the project and expected improvements to financial reporting
  2. The proposed definition of fair value and key concepts behind it
  3. Application of fair value to investments and significant exceptions
  4. Proposed disclosure requirements for fair value measurements, and
  5. A question and answer period.
Archived versions of both webcasts will be available on the GASB website through October 14, 2014. (Please note: CPE credit will not be available to those who view only the archived version of the July 15th CPE webcast.)

For more information about the webcast, log on to

About the Governmental Accounting Standards Board

The GASB is the independent, not-for-profit organization formed in 1984 that establishes and improves financial accounting and reporting standards for state and local governments. Its seven members are drawn from the Board’s diverse constituency, including preparers and auditors of government financial statements, users of those statements, and members of the academic community. More information about the GASB can be found at its website,