The Governmental Accounting Standards Board (GASB) develops open source consensus standards for all US industries and is now asking financial statement preparers to participate in a survey that is part of a GASB pre-agenda research effort to evaluate disclosure requirements. The objective of GASB’s research activity is to gather feedback on these broad questions:
- What existing note disclosures are effective or ineffective in providing information that is useful for making decisions and assessing accountability?
- What concerns exist regarding the application of standards?
- What is the nature and extent of disclosures that governments currently include in their financial reports that are not specifically required by existing financial reporting standards?
Disclosure requirements are currently extensive and constituent input is vital to GASB’s standard setting process, You may comment directly at this link: Survey of Financial Statement Preparers
Specific survey questions can be directed to GASB staff: Pam Dolan ([email protected]) or Lisa Parker ([email protected])
