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GASB 2024 – The Year Ahead

Be in the know on soon-to-be-effective GASB standards on error correction and compensated absences as well as updates on outstanding proposals that could have a big impact on future accounting and reporting requirements.
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GASB’s standard-setting activity almost slowed to a halt after several very busy years. The board issued only one new statement and one exposure draft since June 2022. GASB is expected to approve issuance of a final statement on risks and uncertainties in December for release in January 2024. This article summarizes GASB-issued standards sorted by effective date and includes updates on outstanding proposals, projects, and research.

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If you have any questions or need assistance, please reach out to a professional at Forvis Mazars.

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