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08 Jul GASB offers guidance on CARES Act and coronavirus

Posted at 16:56h in Accounting, GASB, Leases & Standards, Technical Accounting by arccon 16,005 Comments

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The Governmental Accounting Standards Board released a technical bulletin with guidance for applying existing GASB standards to transactions related to the CARES Act and outflows incurred in response to the COVID-19 pandemic. It answers some of the questions raised by GASB stakeholders, especially state and...