United States

Proposed implementation guide on fiduciary activities

FINANCIAL REPORTING INSIGHTS  | 

The Governmental Accounting Standards Board (GASB) recently issued an Exposure Draft, Implementation Guide – Fiduciary Activities, to provide guidance that clarifies, explains or elaborates on the requirements of GASB Statement No. 84, Fiduciary Activities. If finalized, the majority of the requirements of the proposed implementation guide will be effective for financial reporting periods beginning after December 15, 2018. The Exposure Draft is available for comment until February 28, 2019.