GASB Revisits Reporting & Several Core Accounting Concepts

Thoughtware Alert Published: Oct 27, 2020
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GASB has several long-term projects underway to update its conceptual framework, as well as a substantial overhaul of the financial reporting model and revenue and expense recognition. Due to the COVID-19 pandemic, milestones on all the projects have been revised. This article provides details on GASB projects.

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