TITLE

GASB's Future as the Independent Standards Setter for State and Local Governments

AUTHOR(S)
Loyd, D. Scot; Crawford, Michael A.
PUB. DATE
June 2007
SOURCE
Governmental GAAP Update Service;6/30/2007, Vol. 7 Issue 12, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on issues being faced by the U.S. Governmental Accounting Standards Board (GASB) that could threaten its existence as the independent standards setter for state and local governments. It states that the Government Finance Officers Association (GFOA) has called for the abolition of the GASB. It cites GASB's opposition to the accounting principles for accounting and financial reporting for other post-employment benefit (OPEB) obligations in Texas.
ACCESSION #
25576532

 

Related Articles

  • GASB Proposes New Standards for Financial Reporting of Postemployment Benefits by State and Local Governments. Johnson, Karl D. // Employee Benefits Journal;Mar2003, Vol. 28 Issue 1, p3 

    Focuses on the proposed standards by the U.S. Governmental Accounting Standards Board (GASB) for financial reporting of postemployment benefits by state and local governments. Previous work by GASB related to other postemployment benefits (OPEB); Scope and substance of OPEB; Measurement approach.

  • The buck stopped here. Barkin, Robert // American City & County;Oct2007, Vol. 122 Issue 10, p36 

    The article deals with the stance taken by Texas against the policy issued by the U.S. Government Accounting Standards Board (GASB) for state and local governments to report the cost of post-retirement health care benefits. State lawmakers overrode the provisions of GASB 45 and gave governmental...

  • GASB Makes OPEB Exposure Drafts Available. McGuinness, Kevin // Plan Sponsor News;2014, p1 

    June 16, 2014 (PLANSPONSOR.com) -- The Governmental Accounting Standards Board (GASB) has released exposure drafts on other post-employment benefits (OPEB).

  • GFOA and Other Groups Move on Pension Funding Guidelines. Hemmerdinger, Jonathan // Investment Management Mandate Pipeline;11/20/2012, p9 

    The article reports on the move by the U.S.-based Government Finance Officers Association (GFOA) to advance the development of guidelines for state and local governments on how to draft sound pension funding policies. It cites the association's move to authorize pension funding policies...

  • GASB Seeks Comments on Exact-Number Standard for Pension Funds. Temple-West, Patrick // Bond Buyer;7/22/2008, Vol. 365 Issue 32923, p6 

    The article reports that the Governmental Accounting Standards Board opened a comment period for a proposal that would allow state and local governments to use an exact number for pension and other post-employment benefit fund contributions in the U.S. The new accounting option could help...

  • GASB Research on the Use of Generally Accepted Accounting Principles. Loyd, D. Scot; Crawford, Michael A. // Governmental GAAP Update Service;6/30/2008, Vol. 8 Issue 12, p1 

    The article examines the use of generally accepted accounting principles (GAAP) for general purpose external financial reporting in state and local government, by the U.S. Governmental Accounting Standards Board. Seventy five percent of 50 states have laws that require governmental units to...

  • The Not-So-Great GASB. Petersen, John E. // Governing;Feb2000, Vol. 13 Issue 5, p104 

    Assesses the Statement No. 34, a revised standard for financial reporting for state and local governments issued by the U.S. Governmental Accounting Standards Board (GASB). Response of finance officers to the standards; Argument of the GASB regarding full-accrual accounting.

  • Enhancing Government Accountability Through Financial Reporting. Attmore, Robert H. // Journal of Government Financial Management;Summer2007, Vol. 56 Issue 2, p8 

    The article discusses why the U.S. Government Accounting Standards Board (GASB) got involved in service efforts and accomplishments (SEA) reporting. A brief historical overview of the development of the conceptual framework for standards setting of GASB is provided. In addition, it describes...

  • GASB Draft Guidance: States, Localities Would Have to Disclose OPEB Liabilities. Jagoda, Naomi // Bond Buyer;6/2/2104, Vol. 123 Issue 34118, p1 

    The article discusses draft guidance approved by the U.S. Governmental Accounting Standards Board (GASB) as of June 2014. It mentions that under the guidance state and local governments would have to disclose their net or total liabilities for other post-employment benefits (OPEB) as financial...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics