GASB LAUNCHES GASB OUTLOOK QUARTERLY E-NEWSLETTER

Norwalk, CT, February 12, 2014—The Governmental Accounting Standards Board (GASB) today launched the GASB Outlook, a new quarterly, electronic newsletter designed to keep stakeholders informed about key GASB projects and activities.

The GASB Outlook presents current accounting and financial reporting issues in a “plain-English” format and will be issued every three months. Regular features will include:

From the Chairman’s Desk—a column featuring Chairman Dave Vaudt’s insights on key issues facing the GASB
What You Need To Know About—a briefing on GASB projects that should be on your radar, and
Stakeholder Focus—a section featuring perspectives on issues that impact the GASB’s stakeholders.

Videos on key GASB topics will highlight each edition, which also will include a calendar of upcoming GASB meetings and events. The GASB Outlook’s interactive format also enables stakeholders to provide direct input on the articles in the issue, as well as to inform the GASB of their specific interests.

“We created the GASB Outlook to provide high-level information about projects in progress and insights into how the GASB’s efforts may impact stakeholders,” said GASB Chairman Vaudt. “For those stakeholders who want additional detail, features will provide links to new and existing content, video, and educational materials on our website.”

“In addition, the GASB Report, our formerly printed monthly newsletter, is being relaunched as a free electronic notification service focused on recent technical developments,” the chairman said.

The GASB Report will continue to feature highlights of the Board’s deliberations and tentative decisions, recent due process documents and final pronouncements, and other items of a more technical nature.

Stakeholders can subscribe to both e-newsletters at no cost. Features from the inaugural issue of the GASB Outlook can be found on the GASB website.

About the Governmental Accounting Standards Board

The GASB is the independent, not-for-profit organization formed in 1984 that establishes and improves financial accounting and reporting standards for state and local governments. Its seven members are drawn from the Board’s diverse constituency, including preparers and auditors of government financial statements, users of those statements, and members of the academic community. More information about the GASB can be found at its website, http://www.gasb.org/.