GASB Releases Discussion Memorandum on Voluntary Digital Financial Reporting

The GASB has released a discussion memorandum as part of its project on voluntary digital financial reporting, which “intends to provide a pathway to digitizing annual comprehensive financial reports . . . without changing existing reporting requirements.” The memorandum’s purpose is to “solicit stakeholder feedback about the foundational structure design choices made in the development of the GASB-GAAP Taxonomy.”

Comments on the discussion memorandum are due by November 30, 2026. For more information, see the press release on the GASB’s Web site.