By Nicola White, includes “The Governmental Accounting Standards Board this year will undertake a deep-dive into existing going concern accounting rules for state and local governments … The board will consider multiple paths, Black said. ‘It could be that we define ‘going concern’ a little bit differently for a government,’ Black said. ‘It could be ‘going concern’ is your ability to not make an established debt payment, versus ‘severe financial stress’ is maybe your ability to not provide services the way you have in the past. It could be any number of those kinds of things.’ … GASB will be wading into tricky territory.”