NEWS RELEASE 06/01/12

GASB Final Pronouncements Are Now Available as Free Downloads

Norwalk, CT, June 1, 2012—Effective immediately, final Statements and certain other pronouncements issued by the Governmental Accounting Standards Board (GASB) are available for downloading at no cost on the GASB website (www.gasb.org), the Financial Accounting Foundation (FAF) announced today. Documents available will include GASB Statements, Concept Statements, Interpretations, and Technical Bulletins. These documents will be posted as PDF files in their originally issued form and therefore the documents have not been modified for any subsequent amendments.

“Making these GASB documents available to the public on our website at no cost is a step forward in our effort to promote a better understanding of generally accepted accounting principles for state and local government financial reporting among a wide variety of constituents,” said GASB Chairman Robert H. Attmore.

The FAF action follows the establishment of an accounting support fee to fund the annual budget of the GASB pursuant to rulemaking under Section 978 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. In the months ahead, the FAF will consider whether other GASB materials should be available online at no cost.

The GASB will continue its fee-based offerings for The GASB Subscription service, the Governmental Accounting Research System (GARS) on CD-ROM, annual bound editions of GASB Original Pronouncements and GASB Codification, and hard copies of individual GASB final pronouncements, which can be ordered online at the GASB Store.


About the Financial Accounting Foundation

The FAF is responsible for the oversight, administration, and finances of both the Financial Accounting Standards Board (FASB) and its counterpart for state and local government, the Governmental Accounting Standards Board (GASB). The Foundation is also responsible for selecting the members of both Boards and their respective Advisory Councils.

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, www.gasb.org.