GASB Update – Elizabeth Thyer, CPA, Partner
What’s new for the audit of the financial statements for the year ended June 30, 2022? Governmental entities will be implementing Governmental Accounting Standards Board (GASB) Statement Number 87 – Leases for the fiscal year ended June 30, 2022. Per GASB Statement Number 87, a lease is defined as a contract that conveys control of...
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