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SEC/GAAP Watch - GASB Articles

11/21/07 -- GASB Announces Project Updates.
The Governmental Accounting Standards Board announced updates to the following projects:

  • Endowment Funds-Accounting and Reporting for Land and Other Real Property Held as Investments-Recent Developments;
  • Fund Balance Reporting;
  • Intergovernmental Financial Dependency Risk; and
  • Service Accomplishments and Reporting (SEA).

9/25/07 -- GOVERNMENTAL ACCOUNTING STANDARDS ADVISORY COUNCIL ISSUES MEETING AGENDA.
The Governmental Accounting Standards Advisory Council (GASAC) of the Governmental Accounting Standards Board (GASB) issued an agenda to its October 8-9, 2007 meeting in Pittsburgh, when it will take up:

• Approval of the July 12-13, 2007 meeting minutes.
• A report on the Financial Accounting Foundation’s meetings and activities.
• The report of the GASB Chairman and comments from other members.
• GASAC feedback on the GASB’s Strategic Plan, service efforts and accomplishments (SEA) reporting project, and fund balance reporting project.
• Committee reports.

The meeting coincides with the annual conference of the International City/County Management Association, an international association of appointed local government administrators.




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