The GASB’s Decision-Making Process
The Statements of Governmental Accounting Standards are the final step in the GASB’s decisionmaking process. Standard setting has a number of specific steps with open and thorough study of the issues and public participation and input encouraged throughout the process.
Required
Access the GASB’s website at www.gasb.org ; click on the “Education” tab and then on “How Standards are Set.” Then read through the process described in the links on this page and prepare a one-page memorandum summarizing the steps the GASB takes before adopting a new governmental accounting standard.
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