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GASB requests feedback on revenue and expense recognition

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

Feb 02, 2018

The GASB has issued an invitation to comment (ITC), “Revenue and Expense Recognition.”

The ITC is being issued “to obtain stakeholder feedback on the development of a comprehensive revenue and expense model for state and local governments.” The GASB will hold three public hearings in May to discuss issues related to the ITC.

Comments are due by April 27, 2018. For more information, see the press release and ITC 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.