GASB Changes Report Name to “Annual Comprehensive Financial Report”

The GASB has issued Statement No. 98, The Annual Comprehensive Financial Report. Statement 98 “changes the name of the most extensive report prepared following its standards to the annual comprehensive financial report or ACFR . . . and eliminates the prior name and acronym.” However, “no changes were made to the report’s structure or content.”

For more information, see the press release on the GASB’s Web site.