2023 GASB Update

Join us for an instructive webinar hosted by CRI to gain a thorough understanding of the latest developments in state and local government accounting and financial reporting. The session will delve into the critical standards and guidelines set forth by the Governmental Accounting Standards Board (GASB).

The topics to be covered in this webinar include:

• Existing standards on SBITAs, accounting changes and error corrections, and compensated absences.
• Key insights from the 2023 Implementation Guidance Update.
• Upcoming changes that will broaden how financial risks are disclosed.
• Significant revisions that are underway in the foundational framework for financial reporting.
• Recent and future activities by GASB to enhance transparency, particularly under the Financial Data Transparency Act.
• The status and projected timelines of other new and ongoing projects spearheaded by GASB.

Live webinar attendees are eligible for 2 CPE credits.

*It has come to our attention that an error was made in communicating the effective date for the implementation guidance concerning the requirements for capitalizing groups of assets, specifically Question 5.1 from Implementation Guide 2021-1. The information can be found on slides 104-105 of the presentation deck. Contrary to the statement made, the effective date for Question 5.1 is not for fiscal years ending June 30, 2023, but rather for fiscal years ending June 30, 2024, and later.