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GASB issues proposal on irrevocable split-interest agreements

  • GASB document Image

Jun 12, 2015

The GASB has issued an exposure draft, “Accounting and Financial Reporting for Irrevocable Split-Interest Agreements,” that would enhance the comparability of governmental financial statements by providing “recognition and measurement guidance for circumstances in which a government is a beneficiary of the [split-interest] agreement.”

In addition, the proposal would improve the transparency and decision-usefulness of general-purpose external financial reports.

Comments on the proposal are due by September 18, 2015. For more information, see the exposure draft and press release on the GASB’s Web site.

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