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Ideas & Insights

 



Financial Reporting Insights

2018 revisions to the Yellow Book

The U.S. Government Accountability Office recently issued the 2018 revision of Generally Accepted Government Auditing Standards.



Financial Reporting Insights

OMB issues 2018 Compliance Supplement

The OMB recently issued the 2018 Compliance Supplement, which is effective for audits of fiscal years beginning after June 30, 2017.









Financial Reporting Insights

GASB proposes implementation guidance

A recent Exposure Draft provides guidance to clarify certain Governmental Accounting Standards Board Statements.



Financial Reporting Insights

Federal hurricane guidance

Federal agencies may individually issue guidance to provide short-term relief from certain Uniform Guidance requirements.




Financial Reporting Insights

OMB issues 2017 Compliance Supplement

The recently released 2017 OMB Compliance Supplement applies to Single Audits of periods beginning on or after July 1, 2016.




Financial Reporting Insights

Proposed disclosures related to debt

The GASB recently issued a proposed Statement intended to improve financial statement disclosures related to debt.


Financial Reporting Insights

Accounting for leases

Statement 87 establishes a single model for lease accounting by state and local governments, with limited exceptions.