As state and local governments move through 2026 financial reporting cycles, GASB Statement No. 103 is no longer just on the horizon, it is here. Effective for fiscal years beginning after June 15, ...

Norwalk, Conn. -- The Governmental Accounting Standards Board has issued a proposal that would strengthen the reporting concepts of its Statement 34 by expanding the statistical section of financial ...

Moody's Investors Service does not expect its ratings to change based on municipalities' compliance with, or initial implementation of, the Governmental Accounting Standards Board's new financial ...

GASB has posted a large amount of guidance on the new model on its Web site (www.gasb.org). This includes a Statement 34 Implementation Guide, which includes answers to almost 300 questions as well as ...

FEW ISSUES INVOLVING THE PREPARATION of financial statements in conformity with generally accepted accounting principles have been more elusive and difficult to address and resolve—or of greater ...

Governments big and small, state and local, issue them every year. But is there anyone who actually considers even the most well written and stylized Comprehensive Annual Financial Report (CAFR) a ...

William Raftery remembers the darkest times. Those would be the waning weeks of winter 1999, when it became clear to Wisconsin's controller that GASB 34 was not going to go away, that he, like ...