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GASB issues guidance on fiduciary activities

  • GASB document Image

Feb 01, 2017

The GASB has issued Statement No. 84, “Fiduciary Activities.”

Statement 84 “establishes criteria for identifying fiduciary activities of all state and local governments.” The primary purpose of the Statement is to “improve guidance regarding the identification of fiduciary activities for accounting and financial reporting purposes and how those activities should be reported.”

Statement 84 is effective for reporting periods beginning after December 15, 2018. Early application is encouraged.

For more information, see Statement 84 on the GASB’s Web site.

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