Preparer Survey on the Effectiveness of Statement
34
The Governmental Accounting Standards Board (GASB) is currently conducting
pre-agenda research to inform its assessment of the effectiveness of Statement
No. 34, Basic Financial Statements—and Management’s Discussion and
Analysis—for State and Local Governments, and related standards. The
objective of this research is to gather feedback on these broad questions:
- What concerns exist regarding the application of the standards?
- How do the costs of applying the standards compare with the perceptions of
the benefits of the resulting information?
- What financial reporting model requirements are effective or ineffective
in providing information that is essential for decision-making and that
enhances the ability to assess a government’s accountability?
The GASB
has developed an online survey to gather feedback from preparers of governmental
financial statements. The GASB would greatly appreciate you taking the time to
complete the preparer survey, which can be accessed by following this link http://www.gasb.org/GASB-reexam-survey.
It is
anticipated that the survey will take longer than a typical GASB survey, given
the magnitude of the requirements in Statement 34. You can, however, download a
copy of the survey in its entirety to consider before entering your responses
into the online version. The deadline for completing the survey is Friday, June
6, 2014.
Your input is vital to the GASB’s standards-setting process. If
you have any questions, please feel free to contact Roberta Reese (rereese@gasb.org)
or Lisa Parker (lrparker@gasb.org).