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GASB Revises Standards for Conduit Debt Obligations

May 29, 2019

The Governmental Accounting Standards Board (GASB) announced an improvement to its existing standards to provide a single method for government issuers to report conduit debt obligations and related commitments. This enhanced guidance, Statement No. 91 (PDF), “Conduit Debt Obligations,” updates Interpretation No. 2, “Disclosure of Conduit Debt Obligations,” which allowed for variations with the option for government issuers to either recognize conduit debt obligations as their own debt or to disclose them. Read more at Accounting Today