FINAL REMINDER—GASB Survey on Prior-Period Adjustments, Accounting Changes, and Error Corrections

NewGASB(RELEASE) – The deadline for completing the GASB’s survey of financial statement preparers is approaching—Friday, May 10, 2019. If you already have responded, thank you for taking the time to share your views with the GASB.

The survey is part of a GASB research effort to evaluate the effectiveness of existing guidance. (Further information about the research effort can be found on the dedicated page on the GASB website).

The survey generally should take about 30 minutes and can be accessed by clicking here.

If you would like to review the survey before responding, you can download it in its entirety from the first page of the survey. You also can save your survey answers once you have started and return to complete the survey later.

Again, thank you in advance for your feedback. This input is vital to the GASB’s efforts to improve accounting and financial reporting.

If you have any questions, please feel free to contact Emily Paul (

GASB Public Comment on Financial Reporting Project Open

By Dan Smith, ABFM Chair & GASAC Representative

I’d like to call your attention to goings on at GASB, specifically its project to reexamine financial reporting for Governmental Funds. On February 22, GASB gave an excellent webinar explaining the project. The archived webinar will be made available, but in the meantime you can click here to view the slides. Prior to that, GASB posted this invitation to comment, which I hope you will examine if you use government financial statements or the data from those statements – such as the data on state and local government finances collected by the U.S. Census Bureau – in your research or teaching.

Of course you are welcome to submit comments on your own, but I’d like to hear from you if you believe a response as an organization would be appropriate. In my experience on the Governmental Accounting Standards Advisory Council, an organization-wide comment would carry more weight. But I don’t want to assume there’s sufficient interest. Comments are due March 31, so please write me with your thoughts at your earliest convenience at

GASB Accepting Proposals for 2016 Crain Research Grant, Deadline May 31st

Next GASB/GASAC Meetings July 20th-21st

Deadline May 29th for GASB Research Grants