• HOME :
  • NEWS :
  • GASB RELEASES GUIDANCE ON DEBT DISCLOSURES PERTAINING TO DIRECT BORROWING, DIRECT PLACEMENTS

GASB releases guidance on debt disclosures pertaining to direct borrowing, direct placements

APRIL 4, 2018 | by Chris Gaetano | NEW YORK STATE SOCIETY OF CPAS

 “… Under the new rules, entities are required to disclose additional debt-related information including unused lines of credit; assets pledged as collateral for the debt; and terms specified in debt agreements related to significant events of default with finance-related consequences, significant termination events with finance-related consequences, and significant subjective acceleration clauses.”

VIEW LESS