GASB reporting model re-examination project
The Government Accounting Standards Board issued an invitation to comment on January 4 about potential changes to reporting of government funds,
GASB
Synonym
Governmental Accounting Standards Board
Keeping up with the GASB
Does it seem like there's always some new accounting standard that needs to be implemented? That's because there is! The Governmental Accounting Standards Board (GASB) issues an average of three new accounting standards a year.
Auditor McCarthy: Financial reporting should be easy to read and understand
Since the original issuance of Governmental Accounting Standards Board (GASB) Statement 34 in 1999, the Office of the Washington State Auditor has found the resulting financial statement presentations to be unnecessarily complex, less timely and more costly for state and local governments to prepare and have audited. These presentations are also more challenging to understand.