Jul 02, 2015
From the Financial Reporting Network
The GASB recently issued an Exposure Draft, Blending Requirements for Certain Component Units – An Amendment of GASB Statement No. 14, which would treat a primary government’s sole corporate membership in a not-for-profit corporation as a blended component unit.
The proposed GASB Statement would be effective for financial statements for periods beginning after June 15, 2016. The comment period ends October 2.