Genuine Learning Blog: GASB 102

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In January 2024, GASB issued Statement 102, Certain Risk Disclosures which provides additional risk information to users beyond those currently required. The standard focuses on disclosures related to constraints and concentrations for governmental entities. The new standard is effective for fiscal years beginning after June 15, 2024, and all reporting periods thereafter.

SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

Do you believe the new disclosures will be helpful to users?

GASB STATEMENT NO. 102, CERTAIN RISK DISCLOSURES

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