GASB Publishes Guide To Statement No. 34.

• Position: Governmental Accounting Standards Board issues guide on financial statements - Brief Article

The Governmental Accounting Standards Board (GASB) has published a guide intended to assist analysts as they incorporate the new state and local government financial statements into their work. The new publication, An Analyst's Guide to Government Financial Statements, introduces the financial statements that governments are beginning to prepare under GASB Statement No. 34. The analyst guide was developed specifically for regular and intensive users of public sector financial statements, including mutual fund analysts, debt rating agencies, institutional investors, bond insurers, research organizations, and taxpayer groups. The guide's goal is to help analysts more effectively assimilate the information from the new...