United States

GASB Invitation to Comment Addresses Improvements to Financial Reporting Model

Jan 09, 2017
From the Financial Reporting View

The GASB recently issued an Invitation to Comment, Financial Reporting Model Improvements – Governmental Funds, which asks stakeholders for input about potential changes to the financial reporting model including the (1) measurement focus and basis of accounting for governmental funds and (2) presentation of governmental fund financial statements.

The comment period ends March 31.