GASB to Examine Financial Reporting Model

Source: Government Accounting and Auditing Update, Vol. 26 no. 11, November 2016
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The board to reevaluate Statement no. 34, Basic Financial Statements – and Management’s discussion and Analysis – for State and Local Governments, and other reporting model-related pronouncements; conducts survey of financial statement preparers regarding activities related to preparing and publishing an audited annual financial report.