More comprehensive information for financial statement users.

• Position: GASB News; Governmental Accounting Standards Board - Brief Article

GASB recently issued an exposure draft proposing standards aimed at enhancing and updating the information governments present with their annual financial statements.

The proposal, dubbed Economic Condition Reporting: The Statistical Section, looks to revise the statistical section accompanying state or local government financial statements, to include more comprehensive governmentwide financial information.

Proposed updates to the statistical section include requiring governments to report the broad array of debt they...