Question: GASB has issued standards regarding special purpose entity reporting. To explore this idea, go to the Governmental Accounting Standards Board(Links to an external site.) website,

GASB has issued standards regarding special purpose entity reporting. To explore this idea, go to theGovernmental Accounting Standards Board(Links to an external site.)website, key inspecial purpose entity reportingin the search field, and hit enter. Then review GASBS 6 (not the Summary), and summarize this information in your own words. While no specific number of words is required, ensure you adequately cover the material for the class. Assume several paragraphs will likely be needed to summarize this material properly.

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