Posts Tagged ‘GASB 67’

GASB explains why they adopted GASB 75 and the reasoning behind certain choices As you’re likely aware by now, the Governmental Accounting Standards Board (“GASB”) issued GASB 75 “Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions” in June 2015. This Statement will replace GASB 45 for fiscal years beginning after June 15, 2017.  GASB…

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As a cost-sharing employer, did the retirement system provide you the necessary year-end disclosures for GASB 67/68? If your retirement system provided you & your auditors all the necessary disclosures, that’s great and there’s nothing for you to see here.  However, if that’s not your situation and we’re hearing it more than we’d expect,  we have…

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