GASB issued Statement No. 105, Subsequent Events, which is guidance designed to improve the financial reporting requirements and enhance consistency in the application of those requirements for ...

"We had research that showed an omission rate of about 30% of things when we look at subsequent time periods and things we know happened," said GASB Chairman Joel in an interview with Accounting Today ...

The Governmental Accounting Standards Board released a new standard to improve the financial reporting for state and local governments on subsequent events that occur after financial statements are ...

Over the last month, many companies have filed their year-end audited financial statements with the Securities and Exchange Commission. A study recently published in The Accounting Review finds that ...

The Governmental Accounting Standards Board added a project to its technical agenda to deal with issues related to subsequent events for state and local governments. The project will take a closer ...