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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October 09, 2020
NACUBO Guide Addresses eZ-Audit and Financial Responsibility
In response to confusion over the Department of Education’s revised eZ-Audit templates and new financial responsibility requirements, NACUBO has developed a crosswalk and tutorial to help our members navigate compliance.Read More →
October 06, 2020
ED Releases New HEERF FAQ
Following months of calls for additional Higher Education Emergency Relief Fund spending guidance, the Department of Education has released a sizeable, new FAQ, with numerous important clarifications for business officers and others.Read More →
October 02, 2020
ED Announces and Implements New HEERF Quarterly Reporting Requirements
Despite months of incomplete compliance guidance, the Department of Education announced and immediately implemented new reporting requirements for CARES Act Higher Education Emergency Relief Fund allocations.Read More →
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