The Governmental Accounting Standards Board is reaching out to tribes, states, and local governments while looking for comments on its priorities.
GASB released a series of 16 videos last week, with each one 5-10 minutes in length.
"This series of short videos is geared toward elected officials to help them understand in straightforward, layman's terms the information in each section of a government financial report as well as how they might use that information," said GASB Chair Joel Black.
"We are excited to release these videos and know our stakeholders will benefit from them."
GASB is independent, private- sector organization that establishes accounting and financial reporting standards for U.S. state and local governments that follow Generally Accepted Accounting Principles.
All the states use GAAP while many local governments use alternative standards.
The series of 16 videos was released last week, with each one ranging from 5 to 10 minutes in length.
Topics include the Role of Government Financial Statements, Fiduciary Funds Financial Statements, and Required Supplementary Information on Pensions and Other Post-Employment Benefits.
The series represents the first time GASB has used video to help explain its standards and reasoning.
GASB is also reaching out to Native American tribes and asking for public comments on the 2026 version of its
The Technical Plan is a document prepared by the board that is updated three times a year.
It describes specific projects, pre-agenda research, monitoring activities, post-implementation reviews, and priorities. It must be approved by a majority of the GASB members to become official.
GASB wants tribal accounting and financial professionals to consider "Technical Agenda Priorities" and "Emerging Practices," with responses due back March 18.
GASB is using a
Three attachments provide context to the topics and guidance for how the topics should be evaluated.
The topics span a diverse range of areas including how cyber security risks should be disclosed.
Native American tribes have recently made
GASB is also asking tribes to evaluate required disclosures for pension and OPEBs.
Revenue and expense recognition is included in the list along with monitoring governmental activities that involve crypto currency and digital assets.
Reporting standards for environmental credit program administered by state and local governments is also being considered.
