Discover the key details about GASB’s new voluntary digital financial reporting memo and what it means for governmental entities. Melisa Galasso breaks down the purpose and process behind this modernization effort.
- Purpose of GASB’s voluntary digital financial reporting project
- The goal to make governmental ACFRs searchable and easier to analyze
- Introduction to developing a GASB GAAP taxonomy
- Focus on foundational elements: reporting models, accounting bases, and line item design
- How feedback on the structure will shape future digital reporting standards
SC.CPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SC.CPA members.
Melisa F. Galasso is the Founder and CEO of Galasso Learning Solutions LLC. A CPA with over 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI.
Do you believe governments will choose to leverage the voluntary taxonomy?
Discussion Memorandum—Voluntary Digital Financial Reporting—Structural Design: Terms and Conditions
