GASB Issues a Series of Exposure Drafts

Loyd, Scot; Crawford, Michael A.
August 2009
Governmental GAAP Update Service;8/15/2009, Vol. 9 Issue 15, p1
Trade Publication
The article offers information on exposure drafts (EDs) by the Governmental Accounting Standards Board (GASB) in the U.S. It notes the proposal of the ED on Chapter 9 bankruptcies of new standards that offers guidance for state and local governments that have requested for protection from creditors. It mentions the proposal of the ED on service concession arrangements (SCAs) for standards that would create accounting and financial reporting requirements.


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