Governmental Accounting Standards Board Issues Guidance for Transition From Interbank Offered Rates
April 11, 2020
April 11, 2020
NORWALK, Connecticut, April 11 -- The Governmental Accounting Standards Board issued the following news release:
The Governmental Accounting Standards Board (GASB) issued new accounting and financial reporting guidance in Statement No. 93, Replacement of Interbank Offered Rates, to assist state and local governments in the transition away from existing interbank offered rates (IBORs) to other reference rates.
Some governments have entered into agreements in which variab . . .
The Governmental Accounting Standards Board (GASB) issued new accounting and financial reporting guidance in Statement No. 93, Replacement of Interbank Offered Rates, to assist state and local governments in the transition away from existing interbank offered rates (IBORs) to other reference rates.
Some governments have entered into agreements in which variab . . .