We actively monitor new Governmental Accounting Standards Board (GASB) standards and due process documents, and we share periodic status updates to help you understand how the latest financial reporting developments will affect your organization. This update includes action steps that you need to take to prepare for implementation and links to articles and webinars that provide a deeper dive into each of the standards.
This update provides a summary of recently issued GASB standards and effective dates. Topics include:
- GASB 84, Fiduciary Activities
- GASB 87, Leases
- GASB 90, Majority Equity Interests
- GASB 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements
- GASB 95, Postponement of the Effective Dates of Certain Authoritative Guidance (Issued in May 2020, extending the effective date of multiple GASB standards to provide temporary relief in light of the COVID-19 pandemic)