This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

GASB seeks feedback on effectiveness of Statement 34

  • GASB (Governmental Accounting Standards Board) (blue) Image

Sep 19, 2014

The GASB has prepared a survey to gather information on the effectiveness of Statement No. 34, “Basic Financial Statements — and Management’s Discussion and Analysis — for State and Local Governments,” and related standards.

The survey seeks feedback on the following:

  • “What requirements related to management’s discussion and analysis, government-wide financial statements, fund financial statements, and budgetary comparisons are effective or ineffective in providing information that is essential for decision-making and that enhances the ability to assess a government’s accountability?
  • What concerns exist regarding the application of the standards?
  • How do the perceptions of the benefits of the information in financial reports compare with the costs of applying the standards?”

The GASB requests that the survey be completed by October 10, 2014.

For more information, see the survey and the press release on the GASB’s Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.