GASB Addresses Wide Range of Practice Issues.

The Governmental Accounting Standards Board has proposed guidance addressing various accounting and financial reporting issues identified during the implementation and application of certain GASB pronouncements, including: The effective date of Statement No. 87, Leases, to address concerns regarding interim financial reports;

Reporting of intra-entity transfers of assets between a primary government employer and a component unit pension plan or other post employment benefit (OPEB) plan;

The applicability of Statement No. 73, Accounting and Financial Reporting for Pensions and Related Assets That Are Not within the Scope of GASB Statement 68, and Amendments to Certain Provisions of GASB Statements 67 and 68, as amended, and Statement...