Government Accounting

How Local Governments Are Getting Buried in GASB 87 and What to Do Before Your Next Audit ›

GASB Statement No. 87 fundamentally changed how local governments account for leases — requiring right-of-use assets and lease liabilities that were previously off-balance-sheet. Many small and mid-size municipalities are still struggling with implementation years after the effective date. Here's how to build a compliant, audit-ready process.

How Local Governments Are Getting Buried in GASB 87 and What to Do Before Your Next Audit