Posted: 31 Oct 2010 at 03:37 | IP Logged
|
|
|
GASB stands for Governmental Accounting Standards Board. In June 1999, GASB Statement 34 (or GASB 34) was published. GASB 34 requires state and local governments to begin reporting all financial transactions, including the value of their infrastructure assets, roads, bridges, water and sewer facilities, and dams, in their annual financial reports on an accrual accounting basis.
http://www.ctre.iastate.edu/gasb34/gasb341.pdf
Some 11 years ago GASB#34 was born, The baby was born and creating tons of jobs for Accountants!
Sarbanes–Oxley Act
, Another little guy that needs attention that were tested heavily too.
__________________ Work Harder, that's all.
Don't post copyrighted stuff that we don't own here.
|