Description

The Governmental Accounting Standards Board (GASB) develops and issues accounting standards for state and local governments. Scott Anderson, a Director on Cherry Bekaert’s Government & Public Sector team who has recently returned from his fellowship with GASB, sat down with Danny Martinez, Cherry Bekaert’s Government & Public Sector Accounting Advisory Lead to discuss GASB hot topics, insights, and key takeaways. 

This podcast discusses:

• Relationships, similarities, and differences between GASB Statements 87, 94, and 96 
• Importance of constituent feedback during GASB’s standard setting process
• Takeaways from being the Zone 3 (GASB) Chair on the AICPA Technical Issues Committee and a GASB Practice Fellow
• Impact of GASB 100, Accounting Changes and Error Corrections to improve consistency 
• Impact of GASB 101, Compensated Absences, adapting to new types of government leave
• Call to action for user feedback on proposed statement, Certain Risk Disclosures

If you have any questions specific to your business needs, Cherry Bekaert’s Government & Public Sector team is available to discuss your situation with you.

Related Resources:

• Webinar: https://www.cbh.com/guide/webinar-recordings/gasb-accounting-standards-update-overview/ 
• Article: https://www.cbh.com/guide/articles/gasb-87-lease-accounting-standard-faqs/ 
• Podcast: https://www.cbh.com/guide/podcasts/gasb-87-guidance-for-airports/ 

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