The Government Accounting Standards Board (GASB) on June 20, 2022, issued an exposure draft on the disclosure of certain risks. This piece examines the requirements and problems.

Government Accounting Standards Board

GASB is an independent private organization formed in 1984.  It has the two primary responsibilities. One is to establish and improve the standards of state and local government accounting. The second is to educate stakeholders – issuers, auditors, and other users of financial information, on how to best understand and use financial reports. Continue reading →