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GASB issues authoritative implementation guidance

  • GASB document Image

Aug 28, 2015

The GASB has issued, “Implementation Guide No. 2015-1,” which “clarifies, explains, or elaborates on GASB Statements and Interpretations.”

The implementation guide includes changes made as a result of “feedback received during the year-long public exposure of previously issued implementation guidance,” which culminated in the issuance of GASB Statement No. 76, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments.

The guide is effective for reporting periods beginning after June 15, 2015. For more information, see the press release and implementation guide on the GASB’s Web site.

Correction list for hyphenation

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