CCMA Whitepaper: Implementation of GASB Statement No. 84, Fiduciary Activities
GASB has issued new standards to enhance the consistency and comparability of fiduciary activity reporting by state and local governments. The implementation of these new standards will have significant impacts to state and local governments.
Recognizing these impacts the California Committee on Municipal Accounting (CCMA) has developed non-authoritative guidance specifically addressing unique California issues. With this white paper California governments will have a source of information to help them apply GASB’s new standards on fiduciary activities to California-centric issues.