NACUBO Weighs In on Major GASB Projects
NACUBO supported the Governmental Accounting Standards Board’s proposed financial reporting model changes and offered suggestions to improve complex and concerning proposed changes to categorizing revenue and expense transactions.
NACUBO Issues HEERF Program Grants Accounting Tutorial
The new tutorial provides HEERF I, II, and III background and revenue recognition guidance under FASB and GASB standards.
AICPA Addresses Federal COVID Relief Programs and SEFA Reporting
The AICPA Governmental Audit Quality Center released revised guidance for SEFA reporting in light of federal rule changes for certain pandemic relief aid, such as the Higher Education Emergency Relief Fund.