68, institutions will have to report a liability for the entire underfunded status of the plan.
issues Statement 34 adopting the new financial reporting model.
The letter from the eight associations also states that even though GASB
's proposed guidelines are for voluntary reporting, and therefore not required, that GASB
's status as an authoritative standards-setting body makes any official action by GASB
Now is the time to evaluate the impact of GASB
Create a permanent funding mechanism for GASB
(an area he'll work on with GASB
Chairman Bob Attmore).
During Bob's tenure, the GASB
has tackled such important - and difficult - accounting issues as pensions and other retirement benefits, derivatives, municipal bankruptcies, and fund balance reporting with professionalism and a regard for the concerns of every affected party.
In such cases, it may be difficult for a governmental employer to obtain the information needed to comply with GASB
After six public hearings and 2 1/2 years of deliberations, GASB
released its new reporting model on June 30, 1999.
SEAs, or performance measurements, are tied directly to budgeting and political decision making and while the committee agreed that they are valid and necessary tools, GASB
should not be the governing body that sets them.
This Statement supersedes paragraphs 6, 7, 8b, 12, 17, and 18 of NCGA Interpretation 8, Certain Pension Matters', and amends paragraph 5 of NCGA Interpretation 6, Notes to the Financial Statements Disclosure; paragraph 8 of GASB
The Financial Accounting Foundation (FAF), the oversight body of the Governmental Accounting Standards Board (GASB
), is seeking interested stakeholders who would like to be considered to participate in a post-implementation review (PIR) survey of GASB
In June 2015, the Governmental Accounting Standards Board (GASB
) issued GASB