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The Governmental Accounting Requirements Board (GASB) has issued proposed implementation steering that’s meant to make clear, clarify, or elaborate on present steering on subscription-based info know-how preparations (SBITAs).
The Publicity Draft, Further Proposal for Implementation Steering Replace—2023, addresses the one challenge of whether or not a cloud computing association meets the definition of a SBITA as outlined in GASB Assertion No. 96, Subscription-Primarily based Info Expertise Preparations.
If cleared as ultimate implementation steering, the query and reply on this supplemental Publicity Draft might be added to beforehand uncovered questions and solutions to end in a ultimate Implementation Information, Implementation Steering Replace—2023.
The steering in Implementation Guides is cleared by the Board and constitutes Class B GAAP.
Stakeholders are requested to evaluation the proposal and supply enter to the GASB by March 10, 2023. Feedback might both be submitted in writing or via an digital enter kind.
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