Is you’re testing for FAR on the CPA Exam in 2017 Q4 or later, the GASB’s Omnibus 2017, an omnibus that clarifies a wide range of accounting and financial reporting issues, will be testable.

GASB Issues New Pronouncement on Fair Value

By Surgent CPA Review Team

fair value

The Governmental Accounting Standards Board (GASB) issued Statement No. 72, Fair Value Measurement and Application, on February 27, 2015.