New GASB Pension Standards – Increasing Transparency in Public-Sector Financial Reporting
This video highlights two new Governmental Accounting Standards Board pension standards and how their implementation improves transparency around the effect of public pension benefits on the finances of state and local governments.
Article on Implementation Considerations of GASB 61. This GAQC Article addresses the more significant changes that will result form the implementation of Governmental Accounting Standards Board (GASB) Statement No. 61, The Financial Reporting Entity: Omnibus, and assumes that readers have a full understanding of GASB Statement No. 14, The Financial Reporting Entity. The article was developed by several AICPA Expert Panels and is a must read if you are involved in the preparation of state and local government financial statements. Access the article.
The AICPA Not-for-Profit Section supports not-for-profits (NFPs) and the professionals who serve NFPs. The Section produces and delivers information, tools and resources that facilitate timely compliance with standards and regulations, promote the excellence of our members as leaders in the NFP sector, and serve as a hub for peer-to-peer learning and information sharing. Topics cover NFP requirements in Accounting & Financial Reporting, Tax Compliance, Governance and Assurance.
AICPA members in the following categories are eligible to join the Section: Regular Voting; Associate; International Associate: Non-CPA Associate. Visit the NFP Section for more information.