GASB Requests Tribal Government Input on Note Disclosures


GASB Requests Tribal Government Input on Note Disclosures

November 7, 2017

Deadline for Feedback is Friday, Nov. 17

The Governmental Accounting Standards Board (GASB) is conducting a survey on note disclosure requirements in financial statements. For tribal governments, preparing notes can be particularly time-consuming and in some cases complicated, for example disclosing a “related party.”


This is your opportunity to provide feedback on the effectiveness of these requirements and suggest ways that they could be improved. Engagement in the financial reporting process can help ensure that tribal concerns and needs are heard by the GASB.




  • What present note disclosures are effective or ineffective in providing information that is useful for decision-making for the tribe?
  • What concerns does your tribe have regarding the application of the standards? For example, does your tribe find it time-consuming preparing the note disclosures on all of the component units, blended component units, and discrete component units?
  • What is the nature and extent of disclosures that governments currently include in their financial reports that are not specifically required by existing financial reporting standards?


GASB Survey

Other GASB Projects

NAFOA Orange Book


> External Link