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GASB Statement No. 84, Fiduciary Activities: The Impact on Deferred Compensation Plans

GASB Statement No. 84, Fiduciary Activities: The Impact on Deferred Compensation Plans

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To reduce reporting inconsistencies, the Governmental Accounting Standards Board (GASB) announced a new standard affecting governments and their reporting standards.

In the past few years alone, sweeping changes have affected governmental reporting standards and models to help keep future reporting as transparent and understandable as possible.

However, these new statements often lack clear definitions and guidance, yet have a significant impact on governmental activities.

Download our free informational update below for a summary of the update and some possible solutions.

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