Description

The GASB's mission is to improve financial reporting by establishing and improving accounting standards that provide useful information to users of governmental financial reports. Through its unwavering commitment to transparency and consistency, the GASB empowers public trust and financial accountability, setting a gold standard in governmental accounting and finance. Learn from two experts, Jeff Previdi, Vice Chair of the GASB, and Richard Kravitz, Editor-in-Chief of the CPA Journal, about GASB?s current major projects and how the GASB fulfills its commitment to facilitating informed decision-making, ultimately contributing to the betterment of public services and fiscal responsibility.

Target Audience

CPAs and other financial professionals seeking education on the topic.

Course Objectives

• Recognize how GASB•s principles interact with standards from other standard-setting bodies such as the FASB, FASAB, and IPSASB

• Identify GASB•s major projects, including the financial reporting model, revenue and expense recognition, and going concern uncertainty

• Recognize the importance of financial statement analysis in municipal credit analysis and its role in evaluating government performance and predicting future outcomes

Subjects

• Identify how GASB incorporates input from all stakeholders, from preparers to investors to citizen groups, to establish its frameworks