ED Seeks Comments on Proposed eZ-Audit Changes
The Department of Education’s Office of Federal Student Aid is currently seeking comments on proposed changes to the eZ-Audit system institutions use to submit financial responsibility information. Comments are due by February 24, and NACUBO is preparing to respond.
FASB Proposal Addresses In-Kind Gifts
In an effort to increase transparency about contributed non-financial assets, FASB’s exposure draft would require distinct financial statement presentation and enhanced disclosures.
GASB Proposal Addresses Defined Contribution Plans and Component Unit Criteria
A GASB exposure draft indicates that defined contribution benefit plans would not be included in fiduciary fund statements because the costs would not be worth the benefits. Comments are due April 10.