In this episode of Bridging the GAAP, host Matt Broder speaks with Paulina Haro, GASB senior technical manager, for a deeper look at the GASB’s Voluntary Digital Financial Reporting Taxonomy project. They discuss how the financial reporting model and financial reporting entity guidance informed the development of the taxonomy’s structural design, including the organization of financial statements, notes, and other components of government financial reports. Paulina also explains the considerations involved in developing taxonomy line items, the role of the taxonomy consultative group, and upcoming opportunities for stakeholder education and feedback. They explore the GASB’s recently issued Discussion Memorandum, Voluntary Digital Financial Reporting—Structural Design, and how stakeholders can share their views on the proposed approach. Comments on the Discussion Memorandum are due November 30, 2026.

In this episode of Bridging the GAAP, host Matt Broder speaks with Deborah Beams, GASB senior project manager, about GASB Statement No. 104, Disclosure of Certain Capital Assets. They discuss how the Statement builds on the capital asset reporting requirements established by Statement No. 34, Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments, why the GASB revisited those requirements, and how the scope of the project evolved from a broader examination of nonfinancial assets. Deborah also explains the Statement’s enhanced disclosure requirements for certain capital assets, including lease assets, intangible right-to-use assets, and subscription assets, as well as new disclosure requirements for capital assets held for sale. They explore how these disclosures can help users of government financial statements better assess a government’s financial position and accountability, and what governments should know as they implement the new requirements.

In this episode of Bridging the GAAP, host Matt Broder speaks with Lisa Parker, GASB senior project manager, about GASB Statement No. 103, Financial Reporting Model Improvements, and Implementation Guide No. 2026-1, Financial Reporting Model Improvements—Subsidies. They discuss how Statement 103 builds on the financial reporting model established by Statement No. 34, Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments, why the GASB revisited that guidance, and how the scope of the project evolved. Lisa also explains the Statement’s targeted improvements to management’s discussion and analysis and proprietary fund statements, including the new guidance related to subsidies, and discusses what governments and practitioners should be doing to prepare for implementation.