Status of Statement No. 70

Summaries / Status

Status of Statement No. 70
Accounting and Financial Reporting for Nonexchange Financial Guarantees


Status

Issued: April 2013

Effective date:
  • For reporting periods beginning after June 15, 2013
Affects:
  • Amends NCGAS 4, ¶9
  • Amends GASBS 10, ¶3
  • Amends GASBS 33, ¶5
  • Amends GASBS 62, ¶98, ¶99, ¶109, ¶110, ¶124, and fn38
Affected by: No other pronouncements

Other Interpretive Literature: GASB Implementation Guide 2016-1

Primary Codification Section Reference: N30
 

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