This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

GASB issues exposure draft of omnibus statement

  • GASB (Governmental Accounting Standards Board) (blue) Image

Sep 26, 2016

The GASB has issued an exposure draft (ED), “Omnibus 201X.”

The ED’s purpose is “to address a variety of “practice issues that have been identified during implementation and application of certain GASB Statements.” Topics covered in the ED include “issues related to component unit presentation, goodwill, fair value measurement and application, and postemployment benefits (pensions and other postemployment benefits . . .).”

Comments on the ED are due by November 23, 2016. For more information, see the press release and ED on the GASB’s Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.