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This revision represents an update of Statement 34 issued in June 1999.
July 27 -
Vaudt knew he wanted a career in accounting when he took a bookkeeping course as a high school student in Iowa.
June 26 -
State auditors will continue to be represented on the Governmental Accounting Standards Board after Chairman David Vaudt ends his term June 30 although not as the chairman.
June 24 -
Municipalities tend to face challenges when calculating their net investment and capital asset calculations, accountants found.
June 23 -
The Financial Accounting Foundation stirred controversy among public finance groups earlier this month when it indicated the next GASB chairman will not have government service as part of his background.
January 27 -
The Financial Accounting Foundation abandoned its tradition of selecting a state auditor to chair the Governmental Accounting Standards Board.
January 7 -
GASB’s final guidance on the Replacement of Interbank Offered Rates is expected to be issued in March, giving state and municipal governments plenty of time to make adjustments before Libor is phased out by the end of 2021.
December 31 -
The exposure draft, Replacement of Interbank Offered Rates, proposes removal of all inter-bank offered rates as an appropriate benchmark interest rate effective for reporting periods beginning after Dec. 15, 2020.
September 27 -
GASB is taking action because changing the reference rate on the hedge is ordinarily considered a termination event.
September 16 -
The state's net position worsened to negative $189.1 billion according to the CAFR, which arrived almost 14 months after fiscal 2018 ended.
August 29