GASB proposed new guidance on Tuesday, Nov. 15, that seeks to clarify, explain or elaborate on certain pronouncements.
The exposure draft, Implementation Guidance Update — 2023, contains proposed new questions and answers that address the application of GASB standards on leases, subscription-based information technology arrangements and accounting changes.
The proposal also includes amendments to previously issued implementation guidance on leases. GASB will accept comments on the proposed implementation guide through Jan. 20, 2023. Learn more.