Obtain a copy of GASB Statement No. 67, Financial Reporting for Pension Plans-an amendment of GASB Statement

Question:

Obtain a copy of GASB Statement No. 67, "Financial Reporting for Pension Plans-an amendment of GASB Statement No. 25," from the GASB website (www.gasb.org).
Identify the key changes in reporting requirements for Pension Trust Funds.
GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...