Current Due Process Documents and Projects of the GASB (Completed)

The Governmental Accounting Standards Board has a busy due process calendar as calendar year 2024 closes. This includes two important Preliminary Views documents relating to infrastructure assets and whether a government is a going concern or under severe financial stress. The GASB also has exposure drafts available for an important implementation guide update and changes to subsequent events reporting. Hear about these important proposals and how to present your views to the GASB.

Who Should Attend
Basic governmental accounting

Topics Covered

• The GASB’s exposure drafts including the Implementation Guide Update and Subsequent Events
• The GASB’s preliminary views documents including Infrastructure and Going Concern / Severe Financial Stress
• The comment process to the GASB

Learning Objectives

• Understand the proposed clarifications within the GASB’s Implementation Guide Update and Subsequent Events exposure drafts
• Hear and understand GASB’s preliminary views on potential changes to infrastructure reporting and their views on recognizing when a government may have an issue of going concern or is under severe financial stress
• Understand how you can provide vital feedback to the GASB on these due process documents

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (Governmental) (2 hours)

Program Prerequisites
Basic governmental accounting

Advance Preparation
None