05/05/2026 | Press release | Distributed by Public on 05/06/2026 01:47
Members of the American Institute of Certified Public Accountants (AICPA) State and Local Government Expert Panel reviewed the Governmental Accounting Standards Board (GASB) Exposure Draft (ED), Implementation Guidance Update-2026, and offered comments. This ED focuses solely on issues related to subsidies as defined in Statement No. 103, Financial Reporting Model Improvements.
The State and Local Government Expert Panel serves the needs of AICPA members on financial reporting matters and audit and attest matters relevant to audits of state and local