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

 

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