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VSCPA A&A Committee Comments on 3 GASB Exposure Drafts

September 30, 2018

The VSCPA’s Accounting & Auditing Advisory Committee (A&A) has offered its comments on three exposure drafts from the Governmental Accounting Standards Board (GASB) dealing with accounting and financial reporting for postemployment benefits.

Overall, the committee agreed with all three exposure drafts and GASB’s efforts to improve the usefulness of information about postemployment benefit plans, stating that the proposals would create additional transparency and improve financial reporting.

The letters can be found at the following links:

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