The Governmental Accounting Standards Board issued an exposure draft on how to account for transactions that occur after the date of the financial statements.
Although the FDTA is expected to affect the format used by such municipal issuers in reporting financial information to the MSRB, the Act does not add any new disclosure requirements. Rather, the goal ...
The Governmental Accounting Standards Board aims to bring clarity to the financial reporting of subsequent events and to a variety of topics in its implementation guide.