United States

GASB Statement Addresses Blending Requirements for Certain Not-for-Profit Corporations

Mar 08, 2016
From the Financial Reporting Network

The GASB recently issued Statement No. 80, Blending Requirements for Certain Component Units, an amendment of GASB Statement No. 14, which requires blending of a component unit incorporated as a not-for-profit corporation in which the primary government is the sole corporate member.

The GASB Statement is effective for financial reporting periods beginning after June 15, 2016. Earlier application is encouraged.

Read GASB Statement No. 80