Chap018-baker 9

Chap018-baker 9 - Chapter 18 - Governmental Entities:...

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Chapter 18 - Governmental Entities: Special Funds and Government-Wide Financial Statements 18-9 C18-5 The GASB’s Decision-Making Process The GASB’s presentation of its decision-making process is found on their web site at then click on GASB FACTS in the left-hand frame, then click on Facts About the GASB: The Mission and Structure of the Board, and finally, click on An Open Decision-Making Process. 1. The Governmental Accounting Standards Advisory Council (GASAC). This council is composed of about 25 persons from a diverse background in government accounting and finance. This council provides suggestions for topics to be considered by the GASB. In addition, the Board receives concerns about current governmental accounting needs from other persons and groups who work in governmental accounting or auditing. 2. Task Force . In many cases, a task force is formed shortly after the Board agrees to place the project on its agenda. A task force is comprised of persons who know the
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This note was uploaded on 10/09/2011 for the course ACC 253 taught by Professor Strimling during the Fall '11 term at Harper.

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