The Governmental Accounting Standards Board currently is reviewing Statements 25 and 27, standards that provide guidance on pension accounting and financial reporting.  In June 2010, GASB distributed a Preliminary Views document on these statements. According to GASB:

A Preliminary Views is a Board document designed to set forth and seek comments on the Board’s current views at a relatively early stage of a project. … A Preliminary Views generally is issued when the Board anticipates that respondents are likely to be sharply divided on the issues or when the Board itself is sharply divided on the issues. Because the Board anticipates that respondents likely will express a range of differing views on major issues related to the recognition and measurement of employers’ pension liabilities and expenses, it believes that a Preliminary Views, rather than an Exposure Draft, is appropriate. Although some Board members may disagree with certain aspects of the preliminary views and some may feel more strongly about certain provisions than others do, the Preliminary Views represents the Board’s current views on the issues discussed in this document.

Responses to the PV are due September 17, 2010.  Listed below are resources pertaining to the PV.