NACUBO Responds to GASB on Technology Subscriptions
In comments to the Governmental Accounting Standards Board on subscription-based information technology arrangements, NACUBO agreed with the proposed recognition methodology but questioned disclosures and transition guidance.
ED Shares Preliminary Final Borrower Defense Rules
ED announced its intention to finalize sweeping changes to the current borrower defense rules, which include revisions to financial responsibility composite score calculations. Although the rules have not yet been finalized, the regulations relating to financial responsibility will be available for immediate implementation as soon as they are published in the Federal Register.
NACUBO Responds to GASB on Public-Private Partnerships
In comments to the Governmental Accounting Standards Board on public-private and public-public partnership arrangements, NACUBO agreed with GASB’s proposed consistent application of its “right of use” accounting methodology.