Question: What is your view on this? Please see below. It is true that both worlds must evolve and innovate to keep up with the changing

What is your view on this? Please see below.

It is true that both worlds must evolve and innovate to keep up with the changing times and demands. GASBs objective is to enhance accounting and financial reporting, so the improved information helps citizens and financial statement users reach informed decisions. The process of establishing and improving standards takes significant time, and it is imperative to continuously assess and update to stay current, which cannot be done if GASB takes a break.

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