The GASB now has an online emergency toolbox for stakeholders to address accounting and financial reporting issues that may arise during the COVID-19 pandemic.
The toolbox is divided into two sections: GASB guidance and professional organizations.
Stakeholders can use the guidance section to quickly identify nearly two dozen topics under the GASB’s authoritative guidance that may apply to current circumstances.
Links are provided in the professional organizations section to help stakeholders obtain nonauthoritative recommendations for accounting, financial reporting and other financial management activities. See the emergency toolbox.