Comprehensive Implementation Guide Update
Project Description: The objective of this project is to update the Comprehensive Implementation Guide for the effects of new pronouncements and for additional issues that have come to the attention of the staff.
Status: 2012–2013 Comprehensive Implementation Guide was published in October 2012.
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Comprehensive Implementation Guide Update—Project Plan
Project Description: This project will update the Comprehensive Implementation Guide for the effects of new pronouncements and for additional issues that have come to the attention of staff.
Background: To date, the GASB staff has issued 13 stand-alone Implementation Guides, which have been consolidated into the Comprehensive Implementation Guide. The guide is updated annually through the addition of new questions and answers and the amendment or deletion of previous questions and answers that no longer are relevant due to subsequently issued guidance or to the passage of time.Project History: The 2012–2013 edition of the Comprehensive Implementation Guide was published in October 2012.
In January and February, new members were appointed to the project advisory committee to fill positions vacated by members who completed their terms or who are no longer available to serve. In addition, in the first third of 2013, staff prepared materials to be considered for the June 2013 update. In April 2013, draft materials were distributed to members of the project Advisory Committee for review.
In June 2013, the Board reviewed and cleared for issuance material to be included in the 2013-2014 Comprehensive Implementation Guide.
Current Developments: In September 2013, the 2013–2014 Comprehensive Implementation Guide was issued.
|Board meetings||Topics to be considered|
|January–April 2014:||Staff development of material for 2014-2015 guide.|
|May 2014:||Review preballot draft of 2014—2015 guide update (category d).|
|June 2014 (T/C):||Review ballot draft of 2014—2015 guide update (category d).|
|September 2014:||Issue 2014—2015 guide (category d).|
|January 2014–July 2015:||Staff development of material for 2015-2016 guide and review proposals by Advisory Committee.|
|August 2015:||Review preballot draft of Exposure Draft of 2015-2016 guide update (category b).|
|September 2015 (T/C):||Review ballot draft of Exposure Draft of 2015—2016 guide update (category b).|
|October–November 2015:||Comment Period.|
|January 2016:||Redeliberate issues raised by respondents.|
|February 2016:||Review ballot draft and issue final 2015—2016 guide update (category b).|
|February 2016 (T/C):||Review and clear ballot draft and issue final 2015-2016 guide update (category b).|
Comprehensive Implementation Guide Update—Recent Minutes
Minutes of Meeting, June 25-27, 2013
The Board reviewed and provided comments on the ballot draft of the Comprehensive Implementation Guide, 2013–2014 edition. Many of the proposed changes were a result of the issuance of Statement No. 66, Technical Corrections—2012, Statement No. 67, Financial Reporting for Pension Plans, Statement No. 68, Accounting and Financial Reporting for Pensions, Statement No. 69, Government Combinations and Disposals of Government Operations, or Statement No. 70, Accounting and Financial Reporting for Nonexchange Financial Guarantees. The project staff’s proposals recommended removing material associated with Statement No. 25, Financial Reporting for Defined Benefit Pension Plans and Note Disclosures for Defined Contribution Plans, including questions and answers related to measurement of pension obligations for the 2013–2014 edition, and removing remaining material related to Statement No. 27, Accounting for Pensions by State and Local Governmental Employers, for the 2014–2015 edition. The Board provided suggestions to clarify the content of certain questions and answers in the staff’s proposal. After discussing these suggested clarifications, the update to the guide was cleared for issuance. No Board member objected to the issuance of the Guide.
The 2013–2014 edition of the Comprehensive Implementation Guide was cleared for publication.