Blog

Due to the Covid-19 situation, the FASB on April 8 voted to propose a one-year delay on implementation for ASC 842 (the new leases standard) and for ASC 606 (Revenue from Contracts with Customers) for entities that haven't yet implemented them. For leases, this includes public not-for-profits (that...
April 09 2020
The Government Accounting Standards Board has announced that they are putting on their agenda a proposal to postpone "all Statement and Implementation Guide provisions with an effective date that begins on or after reporting periods beginning after June 15, 2018." This would include GASB 87, the...
April 03 2020