GASB issued Statement No. 105, Subsequent Events, which clarifies types of subsequent events and information that should be ...

The Governmental Accounting Standards Board released a new standard to improve the financial reporting for state and local governments on subsequent events.

The Governmental Accounting Standards Board has issued an end of the year Statement which addresses inconsistencies in the financial reporting and definition of an accounting wormhole.

Over the last month, many companies have filed their year-end audited financial statements with the Securities and Exchange Commission. A study recently published in The Accounting Review finds that ...

The Governmental Accounting Standards Board added a project to its technical agenda to deal with issues related to subsequent events for state and local governments. The project will take a closer ...