Go to the following websites and answer the questions. a. Visit the GASB website (www.gasb.org) 1. What
Question:
a. Visit the GASB website (www.gasb.org)
1. What is the GASB?
2. What is the mission of GASB?
3. Based on GASB’s White Paper, Why Governmental Accounting and Financial Reporting is and Should be Different, describe the key environmental differences between governments and for-profit business enterprises.
b. Visit the GFOA website (www.gfoa.org)
1. What is the GFOA and what role does it play?
2. Describe briefly the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program).
3. Determine the number of state and local governmental entities that were awarded the CAFR Certificate for the last fiscal year.
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a 1 The Governmental Accounting Standards Board GASB is the independent organization that establishes and improves standards of accounting and financial reporting for US state and local governments Es...View the full answer
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Related Book For 
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
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