United States

GASB Proposes Enhanced Guidance for Reporting Certain Component Units

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.

Read GASB Exposure Draft