NASACT Seeks to Improve Financial Information Reporting

Hume, Lynn
May 2003
Bond Buyer;5/27/2003, Vol. 344 Issue 31643, p4
Trade Publication
This article reports that in an effort to encourage more governments to release certain financial and operating information more frequently than annually, the National Association of State Auditors, Comptrollers, and Treasurers (NASACT) plans to develop and issue a paper in 2003 that describes what some states are already doing in this area. NASACT held the two-day meeting to try to get market participants to agree on certain critical pieces of financial and operating information to investors and the rating agencies more frequently than annually, perhaps quarterly or even monthly.


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