This annual survey of recent developments affecting accounting, auditing and financial reporting for state and local governments is a staple of GFOA's annual conferences, and will provide a comprehensive overview of the key developments in the field. Topics covered will include recent pronouncments from the American Institute of CPAs, Governmental Accounting Standards Board (GASB), and other standard setters. In addition, attendees will receive an update about on-going GASB projects that will likely have significant effects on accounting and financial reporting in the next few years.