GASB Revisits Reporting & Several Core Accounting Concepts
Thoughtware Alert
Published: Oct 27, 2020
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.
