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How changing regulations affect government

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2 min read
From the CARES Act to GASB: Implications for government organizations

Governments, take note: COVID-19 is causing massive disruption, but measures are being introduced to ease your financial burden. The CARES Act will provide additional funding, and GASB deadlines may be extended. GFOA is also accepting requests to extend deadlines. 

Stacey Reeves
Article March 27, 2020 2 min read
Outside view of a glass building
1 min read
OMB provides single audit extensions and administrative relief
The OMB has issued a memorandum to provide guidance on areas of administrative relief for recipients and applicants of federal financial assistance directly impacted by COVID-19 due to loss of operations. Here’s what you need to know.
Amanda Ward
Article March 25, 2020 1 min read
Man sitting at a table with him laptop, reading a paper report
1 min read
GASB initiates new project with significant GASB 84 implications
Once this new standard is issued, it will likely have a significant impact on determining whether defined contribution pension and OPEB plans meet the definition of a fiduciary component unit under GASB 84.
Michelle Watterworth
Article March 5, 2020 1 min read
Professional looking at report while sitting at laptop
2 min read
GASB replacement of Interbank Offered Rates: What you need to know
In September 2019, the GASB issued an exposure draft titled “Replacement of Interbank Offered Rates.” As you amend agreements to replace LIBOR as a reference rate, keep in mind the provisions on this proposed standard to minimize any accounting impact.
Katie Thornton
Article February 10, 2020 2 min read

Deep dive: How changing regulations affect government

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