GASB requires more statistical disclosure.
GASB has issued Statement No. 44, Economic Condition Reporting: The
Statistical Section, which enhances and updates the statistical section
that accompanies a state or local government's basic financial
statements.
[ILLUSTRATION OMITTED]
The statistical section comprises schedules presenting trend
information about revenues and expenses; outstanding debt; economics and
demographics; among other subjects.
The statement reflects changes that have taken place in government
finance, including the more comprehensive governmentwide financial
information required by GASB Statement No. 34.
For more, visit www.gasb.org/news/nr060704.html.
COPYRIGHT 2004 California Society of Certified Public Accountants
No portion of this article can be reproduced without the express written permission from the copyright holder.
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