The Governmental Accounting Standards Board (GASB) has released Statement No. 100, Accounting Changes and Error Corrections (Statement 100), which amends GASB Statement No 62.
The Governmental Accounting Standards Board has released Statement No. 101, Compensated Absences, replacing GASB Statement No. 16, Accounting for Compensated Absences.
The IRS provides some relief amid rising gas prices with an optional increase to the standard mileage rate for business travel.
The OMB has released the 2022 Compliance Supplement, which is effective for audits of fiscal years beginning after June 30, 2021.
Government entities are finding GASB 87 compliance, the Government Accounting Standards Board’s new standard on lease accounting, complex.