This site is intended to provide information from NAFOA's GASAC representative, Ryan Claw. Additionally, it is intended to receive feedback from NAFOA members on upcoming GASB pronouncements and research activities. The Governmental Accounting Standards Advisory Council (GASAC) meets 3 times a year. It is important that NAFOA report any received feedback on how these new accounting pronouncements have or will impact Native tribes. Your comments are appreciated.
Wednesday, March 16, 2011
Economic Condition Reporting: Fiscal Sustainability
The objective of this project is to consider whether guidance or guidelines should be considered for additional information as part of general purpose external financial reporting to enhance a user's ability to assess a government's economic condition. The consideration of additional information would include risks associated with a government's intergovernmental financial dependencies, which previously was a separate project in the technical plan but was deferred for consideration as part of this project.
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