Financial Services Industry
Industry: Email Alert RSS FeedGASB requires more statistical disclosure
California CPA, August, 2004
GASB has issued Statement No. 44, Economic Condition Reporting: The Statistical Section, which enhances and updates the statistical section that accompanies a state or local government's basic financial statements.
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The statistical section comprises schedules presenting trend information about revenues and expenses; outstanding debt; economics and demographics; among other subjects.
The statement reflects changes that have taken place in government finance, including the more comprehensive governmentwide financial information required by GASB Statement No. 34.
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For more, visit www.gasb.org/news/nr060704.html.>
COPYRIGHT 2004 California Society of Certified Public Accountants
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