Nacha will be taking a position of “no enforcement” of the new data security rule through June 30, 2021, with respect to government entities that are working in good faith toward implementation and compliance.
All previous GASB chairs have been state auditors. Importantly, state auditors will now be left without any representation on the GASB. This fundamentally compromises the diversity of the GASB.
The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that it has appointed Joel M. Black as the next chair of the Governmental Accounting Standards Board (GASB).