Status of Statement No. 72

Statement No. 72
Fair Value Measurement and Application


Status

Issued: February 2015

Effective date:

  • For reporting periods beginning after June 15, 2015
Affects:

  • Amends GASBS 3, ¶116
  • Supersedes GASBS 10, ¶44
  • Amends GASBS 10, ¶42, ¶43, and ¶46
  • Amends GASBS 14, ¶55
  • Supersedes GASBS 25, fn7
  • Amends GASBS 25, ¶24, ¶32, ¶41, and ¶44
  • Supersedes GASBS 31, ¶3
  • Amends GASBS 31, ¶2, ¶5, ¶7, ¶15, and ¶22
  • Amends GASBS 34, ¶18 and ¶27
  • Supersedes GASBS 43, fn4
  • Amends GASBS 43, ¶22, ¶30, and ¶46
  • Amends GASBS 51, ¶3
  • Amends GASBS 52, ¶2
  • Supersedes GASBS 53, ¶21, fn9, and fn11
  • Amends GASBS 53, ¶69 and ¶82
  • Amends GASBS 59, ¶4
  • Amends GASBS 60, ¶9
  • Amends GASBS 61, ¶10
  • Supersedes GASBS 62, fn54
  • Amends GASBS 62, ¶137, ¶203, ¶204, ¶373, ¶409, ¶424, and ¶425
  • Supersedes GASBS 67, fn7
  • Amends GASBS 67, ¶18 and ¶30
Affected by:

  • Paragraph 22 will be amended by GASBS 100, ¶7, ¶8, ¶20, and ¶21
  • Paragraph 69 amended by GASBS 79, ¶4; GASBS 85, ¶7; and GASBS 90, ¶5
  • Paragraph 77 amended by GASBS 90, ¶5 and ¶6
  • Paragraph 80 amended by GASBS 84, ¶5 and ¶14–¶18; will be amended by GASBS 99, ¶8
  • Paragraph 81 amended by GASBS 92, ¶12
Other Interpretive Literature:

  • GASBIG 2016-1
  • GASBIG 2017-1
Primary Codification Section References: 3100, I50

Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
GASBIG - GASB Implementation Guides		 NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
AICPA SOP - AICPA Statements of Position
AICPA ASLGU - AICPA Audit Guide (1974)
BFC - Basis For Conclusions

STANDARDS & GUIDANCE

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