Accounting and financial reporting for nonexchange financial guarantee transactions
The GASB issued for public comment proposed guidance for state and local governments that offer nonexchange financial guarantees and for governments that receive guarantees on their obligations. The proposal would be effective for periods beginning after 15 June 2013. Comments are due 28 September 2012.

Government combinations and disposals of government operations
The GASB issued for public comment a proposal that would provide state and local governments with standards for financial reporting on government combinations (mergers, acquisitions and transfers of operations) and disposals (sales and transfers) of government operations. The comment period ends 15 June 2012.

Technical corrections - an amendment of GASB statements no. 10 and 62
The GASB issued an Exposure Draft to resolve conflicting guidance that resulted from two recent pronouncements, Statements No. 54, Fund Balance Reporting and Governmental Fund Type Definitions,and No. 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements.

Reporting items previously recognized as assets and liabilities
The proposed Statement would reclassify or recognize certain items currently being reported as assets and liabilities as one of four financial statement elements—deferred outflows of resources, outflows of resources, deferred inflows of resources, or inflows of resources. comments are due by 17 November 2011.

Recognition of elements of financial statements and measurement approaches
The GASB is seeking comment on its early views on how and when an item should be reported on state and local government financial statements and how the amount of the item should be determined.

Accounting and financial reporting for pensions-an amendment of GASB Statement No. 27
The pensions proposal would require governments to report in their statement of financial position a net pension liability which is the difference between the total pension liability and net assets set aside in a qualified trust to pay benefits to current employees, retirees, and their beneficiaries. It also proposes significant changes to how a government would calculate its total pension liability and pension expense.

Financial reporting for pension plans - an amendment of GASB Statement No. 25
The GASB pension plan proposal addresses the reporting by the pension plans that administer those benefits. This proposal outlines the basic framework for the separately issued financial reports of defined benefit pension plans. It also details proposed note disclosure requirements for defined contribution pension plans.

The GASB Report - April 2013
The April 2013 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - March 2013
The March 2013 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - February 2013
The February 2013 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - January 2013
The January 2013 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - December 2012
The December 2012 newsletter about the work of the Governmental Accounting Standards Board (GASB) reviews 2012 accomplishments and includes the 2013 Technical Plan.

The GASB Report - November 2012
November 2012 newsletter about the work of the Governmental Accounting Standards Board.

The GASB Report - October 2012
October 2012 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - September 2012
September 2012 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - August 2012
August 2012 newsletter about the work of the Governmental Accounting Standards Board (GASB). This edition includes the technical plan.

The GASB Report - July 2012
July 2012 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - June 2012
June 2012 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - May 2012
May 2012 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - April 2012
April 2012 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - March 2012
March 2012 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - February 2012
February 2012 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - January 2012
January 2012 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - November 2011
November 2011 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - October 2011
October 2011 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - September 2011
September 2011 edition of a monthly newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - August 2011
August 2011 edition of a monthly newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - July 2011
July 2011 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - June 2011
June 2011 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - May 2011
May 2011 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - April 2011
April 2011 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - March 2011
March 2011 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - February 2011
February 2011 newsletter about the work of the Governmental Accounting Standards Board (GASB).

The GASB Report - January 2011
January 2011 newsletter about the work of the Governmental Accounting Standards Board (GASB).

Written testimony submitted by GASB Chairman Robert H. Attmore to the U.S. House of Representatives Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises
Robert Attmore, Chairman of the GASB, provided testimony about current GASB activities at hearings sponsored by the House of Representatives Financial Services Subcommittee on capital markets and government sponsored enterprises.

Comment Letter - Accounting and financial reporting for pensions - an amendment of GASB Statement No. 27
Our comment letter supports the Board’s effort to improve pension accounting and reporting for governmental entities. However, we recommend that the Board require the use of a single method for developing the discount rate and suggest that it be based on yields on high-quality fixed income investments. We also recommend that the Board require the use of the projected unit credit actuarial cost method (PUCM), rather than the individual entry age actuarial cost method.