Status of Statement No. 40

Summaries / Status

Status of Statement No. 40
Deposit and Investment Risk Disclosures—an amendment of GASB Statement No. 3


Status

Issued: March 2003 

Effective Date: For periods beginning after June 15, 2004

Affects:

  • Amends GASBS 3, ¶116
  • Supersedes GASBS 3, ¶64, ¶67–¶71, ¶73, and ¶74
  • Supersedes GASBS 25, ¶32d and ¶41c
  • Supersedes GASBS 28, ¶16
  • Supersedes GASBTB 87-1 and GASBTB 97-1

Affected by:

  • Paragraph 7 amended by GASBS 53, ¶73
  • Paragraph 10 amended by GASBS 63, ¶8
  • Paragraph 11 amended by GASBS 53, ¶73
  • Paragraph 12 amended by GASBS 63, ¶8
  • Paragraph 13 amended by GASBS 63, ¶8; superseded by GASBS 74, ¶9
  • Paragraph 14 amended by GASBS 53, ¶73
  • Paragraph 15 amended by GASBS 59, ¶6 and GASBS 79, ¶4
  • Paragraph 16 amended by GASBS 53, ¶76

Other Interpretive Literature:

  • GASB Implementation Guide 2015-1
  • GASB Implementation Guide 2016-1

Primary Codification Section References: C20, I50
 


Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
BFC - Basis For Conclusions
NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
SOP - AICPA Statements of Position
ASLGU - AICPA Audit Guide
GASB Q&A - GASB Implementation Guides