Includes “GASB will begin to hold hearings on these proposals tomorrow, March 23. Truth in Accounting will be participating in those hearings. Below are selected segments from a five-page comment letter by TIA board member John Kayser … ‘The changes called for in No. 3-20 and No. 3-25 go nowhere near what is needed to give many users the information they need to determine the financial sustainability and the sustainability of services. … The financial accounting standards have been fundamentally flawed for decades and border on gross negligence.”
Read the full article on: Bill’s Blog