GASB Proposals Tackle Disclosures and Practice Issues
Recent GASB exposure drafts address disclosure concepts and clarify guidance in areas such as leases and public-private and public-public partnerships.
OMB Releases 2021 Compliance Supplement
The new publication contains updates on Higher Education Emergency Relief Fund (HEERF) programs, among other items.
FASB’s NFP Advisory Committee Reviews Recent Implementations and New Topics
Not-for-Profit Advisory Committee members, including NACUBO, recently provided implementation feedback on revenue recognition, conditional contributions, and leases, and discussed current projects. A meeting recap and materials are now available.