NASRA and the GASAC. You are an accountant with the national office of the National Association of State Retirement Administrators (NASRA) and have just been appointed by the membership as its representative to the Governmental Accounting Standards Advisory Council (GASAC) for a four-year term. In preparation for the first of the three meetings this year, the outgoing representative for NASRA has suggested that you familiarize yourself with the following:
a. The mission of the NASRA and its reason for joining the GASAC in 1992.
b. The other 28 member associations of the GASAC and whether they represent users, preparers, attestors, or other groups interested in government financial reporting.
c. The status of the City of San Diego’s pension fund crisis or scandal.
Required
Use the Internet to gather information about the three areas listed above. Prepare a written summary of the information you obtain so you can review it with the outgoing representative. Include in your summary an evaluation of whether or not these are important issues for any of the other GASAC members.