Accounting

GASB is taking action because changing the reference rate on the hedge is ordinarily considered a termination event.

The state's net position worsened to negative $189.1 billion according to the CAFR, which arrived almost 14 months after fiscal 2018 ended.

State and local governments and trade groups have until Sept. 13 to submit comments on the 48-page exposure draft GASB released June 13.

New York City Comptroller Scott Stringer received several awards for excellence in financial reporting.

Timely and complete accounting and financial reporting are as critical to municipal professionals as is disclosure, according to Jeffrey Previdi, GASB vice chairman. Long-standing standards and practices are being brought up-to-date to remain compatible with today's rapid-paced changes. John Hallacy hosts.

The federal government shutdown has demonstrated the need for a more independent source of public finance for cities and urban counties.

New York City Comptroller Scott Stringer released the city’s Comprehensive Annual Financial Report for Fiscal Year 2018 on Wednesday.

The new GASB standards apply to Other Post-Employment Benefits, or OPEB, which mostly pertain to retiree health benefits, but also can include dental, vision, disability and death benefits.

The proposed new standard aims to create consistent practice in how conduit issuers report their liabilities.

Chicago's 2017 CAFR offers deep dive into Chicago's fiscal gains and deeper strains.