The Governmental Accounting Standards Board added a project to its technical agenda to deal with issues related to subsequent events for state and local governments. Processing Content The project ...

Subsequent event is the accounting term for a financial transaction that occurs after completion of the balance sheet for a specified period but before the company's full set of financial statements ...

Over the last month, many companies have filed their year-end audited financial statements with the Securities and Exchange Commission. A study recently published in The Accounting Review finds that ...