United States

Implementation guide on fiduciary activities


The Governmental Accounting Standards Board (GASB) recently issued Implementation Guide No. 2019-2, Fiduciary Activities. The Guide clarifies, explains and elaborates on the requirements of GASB Statement 84, Fiduciary Activities. The requirements of the Implementation Guide are effective for financial reporting periods beginning after December 15, 2018. Earlier application is encouraged if Statement 84 has been implemented.