The 30-day Federal Register Notice for the revised Form SF-SAC for the 2019 fiscal year has been published in the Federal Register. The comment period ends December 6. Click here to learn more and view the draft form and instructions and a summary of comments on the FAC notice from April 2018.
See NASACT's letter to OMB regarding an instance where the Uniform Guidance references generally accepted accounting principles and the GAAP is changing as a result of a recently issued standard from the GASB.
NASACT has been monitoring the GREAT Act for potential impacts on state and local governments. The companion measure (S. 3484) was introduced in the Senate on September 24. On September 26, the bill moved out of committee and now awaits a vote by the full Senate.