8 years ago

Government Accounting Standards Redefined for Improved Financial Reporting Accuracy.

DEFINITION OF THE REPORTING ENTITY
Ian Ball

Paper Summary

The article explains the rules set by GASB for reporting entities in government accounting. It covers GASB statements 14, 39, and 80, as well as guidance on government mergers and acquisitions. Governments often create separate legal entities to handle certain functions. The article provides examples of these entities and their responsibilities for financial statement preparers and auditors.

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