United States

GASB proposes implementation guidance


The Governmental Accounting Standards Board (GASB) recently issued an Exposure Draft, Implementation Guide No. 201Y-X, Implementation Guidance Update – 201Y, to provide guidance that clarifies, explains or elaborates on recent GASB Statements. The proposed implementation guide addresses a wide array of practice issues, including questions related to standards on pensions and other postemployment benefits, the statistical section, tax abatement disclosures, certain investments and cash flows reporting.

If finalized, the requirements of the proposed implementation guide will be effective for reporting periods beginning after June 15, 2018. The Exposure Draft is available for comment until February 16, 2018.