NACUBO Accounting Advisory Reports reflect prevailing preferred industry practice.
GASB's New Standard Covers Asset Retirement Obligations
January 05, 2017
In an effort to standardize financial reporting when laws govern how certain assets are retired from use, the Governmental Accounting Standards Board issued Statement No. 83, "Certain Asset Retirement Obligations," in December. The new standard is effective in FY19 for public institutions.
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January 08, 2021
Compliance Supplement Addendum Released
The long-awaited addendum to the 2020 Compliance Supplement grants a three-month extension for single audits with year-ends through September 30, 2020.Read More →
December 17, 2020
GASB Releases Implementation Guide for Comment
The exposure draft contains new questions and amendments to previously issued implementation guidance. Public institutions should note two questions on defined contribution plans and fiduciary activities and are encouraged to comment.Read More →
December 11, 2020
ED Issues New Regulatory Waivers, Extends Others
In a notice recently posted in the Federal Register, the Department of Education announced several new regulatory waivers to assist institutions, students, and borrowers through the COVID-19 pandemic. ED also extended several waivers it had granted earlier in 2020.Read More →
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