Government Accounting Standards Board

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Government Accounting Standards Board

In the United States, a non-governmental body charged with establishing and maintaining generally accepted standards for professional accountants who work in state and local governments. Founded in 1984, the GASB has published a variety of rules and clarifications on how government accounting ought to be done in the United States. Its primary purpose is to govern the fundamentals of how accounting is conducted. For example, it has published guidelines on how to report a municipality's cash flows.
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References in periodicals archive ?
It is required to be included in RSI of generally accepted accounting principle financial statements issued by pension plans that operate through trusts that meet the requirements put forth by GASB (a GASB PEB trust).
Got You Covered! One set of terms stands out as a source of frequent confusion in the world of postemployment benefits accounting and financial reporting: covered payroll and covered-employee payroll
Under GASB 68, institutions will have to report a liability for the entire underfunded status of the plan.
New rules for pension plans: the impact of GASB 68's pension standards on educational institutions
The GASB is the independent, not-for-profit organisation formed in 1984 that establishes and improves financial accounting and reporting standards for state and local governments.
-US Governmental Accounting Standards Board resolves pension issue
Depending on your perspective, GASB has either moved toward that reality or is continuing to resist actuarial gravity.
Public Pensions and LDI: Holy Grail or Pandora's Box?
The requirements in this Statement will improve financial reporting by contributing to the GASB's efforts to codify all GAAP for state and local governments so that they derive from a single source.
Statement no. 55 of the Governmental Accounting Standards Board - the hierarchy of generally accepted accounting principles for state and local governments
GASB's development of guidelines for voluntary reporting of performance information has been a source of contention for state and local governments.
GASB requests response on proposed guidelines for reporting of performance information, will hold heating at Congress of Cities
It appears that the agencies that tackled GASB 34 compliance earlier in the game are the best off today.
Wrestling with GASB 34
Represent the foundation (FASB and GASB) with its external constituents--SEC, Congress, media--for the primary purpose of voicing the importance of private standard-setting in the public arena.
FAF appoints Robert J. DeSantis president and COO
It's hard to picture accountants as bomb-throwers, but the GASB manifesto, which includes a call for accrual accounting, could have radical implications for the federal government.
How the government cooks the books; the budget deficit is bigger than you think
A proposed implementation guide from GASB has prompted criticism from several groups that question how the board expects state and local governments to follow its disclosure guidance for tax abatements.
Proposed implementation guide criticized over disclosure rule
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