Financial Reporting Insights
Consolidation for-profit limited partnership by not-for-profit entity
To clarify the consolidation guidance for not-for-profit entities, the FASB recently issued a proposed ASU
Ideas & Insights
Financial Reporting Insights
GASB survey of financial statement preparers
Governments are invited to participate in a GASB survey regarding activities related to preparing and publishing an audited annual financial report.
Recorded Webcast
Annual governmental accounting update—What’s new, what’s next?
Get the latest information on GASB standards that could affect your organization, including a detailed focus on the new OPEB standards.
Financial Reporting Insights
2015 OMB Compliance Supplement available
The Office of Management and Budget (OMB) has issued <i>OMB Circular A-133 Compliance Supplement </i>2015.
Financial Reporting Insights
GASB Implementation Guide No. 2016-1
The GASB has issued an implementation guide that primarily addresses questions regarding certain of its recently issued standards.
Financial Reporting Insights
GASB Implementation Guide No. 2015-1
GASB Implementation Guide No. 2015-1 provides guidance that clarifies, explains or elaborates on GASB Statements and Interpretations.
Financial Reporting Insights
GASB issues guidance addressing pension issues
The GASB recently issued guidance addressing practice issues raised during implementation of its pension accounting and financial reporting standards.
Financial Reporting Insights
GASB revises GAAP hierarchy
GASB Statement 76 simplifies the hierarchy of generally accepted accounting principles for state and local governments.
Financial Reporting Insights
Tax abatement disclosures
GASB Statement No. 77 requires disclosure of certain tax abatement information.